Board of Trustees

21 Dec

Don’t Engage Government In Debt Exchange In Current Format – Pensions Chamber To Trustees, Employer Schemes

wontumionlineBusinessBoard of Trustees, Chamber of Corporate Trustees, Employer Sponsored Schemes

The Chamber of Corporate Trustees (Pensions Chamber) has urged all Board of Trustees and Employer Sponsored Schemes not to engage government in the debt exchange programme in its current format until it has renegotiated a favourable term for the pensions industry. According to a letter dated December 15, 2022, it said, since the announcement of the domestic exchange programme, the Chamber of Corporate Trustees on behalf of the pensions industry has been advocating for the pensions industry to be ring-fenced or the terms renegotiated. “As at today, 15th December 2022, the Pensions Chamber has written to the Minister of Finance to…