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One in four people say the PPF will help increase their trust in pensions, according to ABI research.
BBC: Analysis
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The result is that few of the companies that provide critical services to pensions, involving high degrees of trust and confidence, operate in a manner consistent with their fiduciary duty.
FORBES: Murders and Pensions: The Need for Forensic Investigations (March 28, 2006 )
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Given the relationship of trust and confidence that exists between pensions and consultants, you would think there would be no question that consultants acknowledge their status as fiduciaries to funds.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
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While scrutiny over biased stock research a few years ago may have been a scourge to stockbrokers whose business depends on client trust, the growing apprehension over corporate pensions has been a godsend.
FORBES: Magazine Article
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Sumitomo Trust is also said to be part of the portable-pensions initiative, along with America's Citibank.
ECONOMIST: Japanese finance
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And rather than pay benefits out of a pot of past contributions, notional accounts remain empty, leaving pensions to be financed from current taxes, sometimes supplemented by a central trust fund.
ECONOMIST: China is beginning to face up to its pension problems