Trustee’s Professional Fees | How Much are They Paid?

California law provides that both individual and corporate trustees are entitled to compensation for their services as trustee. Corporate trustees, sometimes referenced as professional trustees, are different than individuals – like an aunt or an uncle administering a trust. Independent trust companies and large banks have professional trust departments. These professional trustees often administer trusts […]

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The Fiduciary Responsibilities of an Emeritus Trustee

So sometimes the question comes up what is the difference between a trustee and being a trustee emeritus and how does fiduciary responsibility relate to those two positions. The essence of fiduciary responsibility comes to your ability and responsibility to vote on matters that are before you. So you could be a non-voting member of […]

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Nicola Parish calls on trustees to submit a scheme return or face a fine

Interviewer: Nicola, TPR has today repeated its warning to defined contribution schemes to comply with pensions law or face a fine, what exactly have you done in this case? Nicola Parish: In this case we’ve fined two sets of trustees for failing to send in their scheme return. We provided education and enablement for those […]

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