All Bestrustees articles
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People NewsAppointments: Brunel CIO to depart in new year
The latest hires, promotions and appointments for the week ending 1 November 2024.
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People NewsAppointments: Border to Coast adds three senior staff
The latest hires, promotions and appointments for the week ending 6 September 2024.
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NewsPub company schemes hire new fiduciary manager
On the go: The £86m Laurel Pub Pension Scheme and its sister, the £14m Yates Group Pension Scheme, have appointed Kempen Capital Management as their fiduciary manager.
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Features
Professional trustees: ‘quis custodiet ipsos custodes?’
Analysis: With consolidation now the name of the game in the small world of pensions, trustee conflicts of interest could harm millions of pension scheme members’ prospects, as schemes eye superfunds and master trusts with vast sums at stake in fees.
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News
Ibstock Pension Scheme completes £340m buy-in
On the go: Ibstock has completed a £340m buy-in transaction with Just Group representing 50 per cent of total liabilities of its defined benefit pension scheme.
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NewsPlumbers call for trustee chair to resign over pensions debacle
An action group is calling for the resignation of Alan Pickering CBE as chairman of the Plumbing and Mechanical Services Industry Pension Scheme.
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NewsMothercare UK pensioners avoid PPF haircut with restructure
A transfer of sponsor has saved Mothercare UK’s pension schemes from falling into the Pension Protection Fund, following the collapse of the retailer into administration on Tuesday.
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FeaturesUSS targets steady returns with KCom investment
The actions of bellwether schemes like the £64bn Universities Superannuation Scheme are always closely watched, but scrutiny on USS is particularly acute after widespread strike action last year. Last month, the UK’s largest private plan agreed a £504m cash takeover of telecoms business KCom.
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FeaturesDiageo offers PIE and writes to members after rise in DB transfers
The Diageo Pension Scheme is offering a pension increase exchange exercise to defined benefit pensioners, and has outlined plans to write to deferred and active members explaining transfer options, following a spike in members cashing out.
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NewsBritish Coal scheme taps into UK infrastructure
The British Coal Staff Superannuation Scheme has introduced a new allocation to UK infrastructure and increased its exposure to private debt, as part of its focus on assets that provide diversification, good return prospects and high cash yields.
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Features
Trustees pour cold water on wild consolidator claims
The Edi Truell-backed Pension SuperFund has been no stranger to controversy in its short lifespan.
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NewsS&N scheme to review impact of pubs takeover
Trustees of the Scottish & Newcastle Pension Plan will be assessing the impact of a recent corporate acquisition made by the pension scheme’s parent company Heineken UK, as part of a full covenant review this year.
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News
Just Group aims for increased education on DB freedoms
Retirement provider Just Group claims it has disrupted the market for defined benefit member option exercises with a new product launch, as trustees come under increasing pressure to keep members informed about their options under freedom and choice.
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News
Lack of trustee engagement leads to higher fees, CMA finds
The Competition and Markets Authority has turned its attention to the negotiation abilities of trustee boards, with a working paper that highlights the benefits of engaging third-party oversight of consultants or fiduciary managers.
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OpinionRoundtable: How are fixed income strategies adapting?
Central bank policy has turned a major corner, and many fixed income markets are looking increasingly expensive - six experts share their insights on how pension scheme strategies should adapt.
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Opinion
Roundtable: How should schemes pick fixed income managers?
Fixed income markets do not present as obvious a case for passive management as equities, but how should schemes evaluate manager skill? PGIM’s Edward Farley, Barnett Waddingham’s Sophia Heathcoat, MJ Hudson Allenbridge’s Anthony Fletcher, Independent Trustee Services’ Dinesh Visavadia, Bestrustees’ Graham Wardle and independent trustee Alexandra Martinez discuss.
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Opinion
Roundtable: Where does value lie in fixed income markets?
In an increasingly uncertain and somewhat expensive environment for fixed income, which products and asset classes represent the best value for pension schemes? PGIM’s Edward Farley, Barnett Waddingham’s Sophia Heathcoat, MJ Hudson Allenbridge’s Anthony Fletcher, Independent Trustee Services’ Dinesh Visavadia, Bestrustees’ Graham Wardle and independent trustee Alexandra Martinez discuss.
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News
CMA: Fiduciary management not overly concentrated
Neither the investment consultancy or fiduciary management industries show signs of excessive concentration, the Competition and Markets Authority has found, but the vertical integration of the ‘big three’ firms could distort the market in future.
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Opinion
Roundtable: How can schemes prepare for uncertainty in fixed income?
What does the end of an unprecedented era of quantitative easing have in store for interest rates, and how should increasingly mature defined benefit schemes adapt? PGIM’s Edward Farley, Barnett Waddingham’s Sophia Heathcoat, MJ Hudson Allenbridge’s Anthony Fletcher, Independent Trustee Services’ Dinesh Visavadia, Bestrustees’ Graham Wardle and independent trustee Alexandra Martinez discuss.
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News
Plymouth & South West Co-op introduces illiquids and cuts DGFs
The Plymouth & South West Co-operative Society pension fund is decreasing its diversified growth fund exposure and introducing a new allocation to illiquid credit.