All corporate governance articles – Page 2

  • News on the go
    News

    Covid-19 sees drop in sponsor support for DB schemes

    2021-07-13T00:00:00Z

    On the go: The economic damage and uncertainty wrought by Covid-19 has seen a drop in employer support for defined benefit pension schemes, suggesting they will find it harder to meet their pension obligations as the pandemic’s fallout continues.

  • Podcasts
    Podcasts

    Podcast: Trustees should focus more on scheme admin in anti-scam fight

    2021-06-10T00:00:00Z

    Podcast: The Pensions Ombudsman has declared schemes should have their transfer and due diligence procedures updated within a month of new anti-scams guidance. Compliance will require a huge amount of administrative time and resources, and trustees should give scheme administration more focus. LCP partner Francesca Bailey and Pensions Management Institute president Lesley Alexander talk scams, dashboards and corporate activity.

  • News on the go
    News

    BT agrees £2bn asset-backed funding arrangement to plug deficit

    2021-05-13T00:00:00Z

    On the go: BT and the trustee of the BT Pension Scheme have agreed to plug £2bn of the scheme’s £7.9bn deficit through an asset-backed funding arrangement secured against the company’s EE business.

  • Podcasts
    Podcasts

    Podcast: Pension schemes’ under-allocation to China is ‘anachronistic’

    2021-05-12T00:00:00Z

    Podcast: UK pension schemes are too often under-allocated to China and missing out on the significant opportunities presented by its continued growth and development. There are, however, lingering environmental, social and governance concerns around investing in the “nominally communist” state, says RisCura investment consultant Lars Hagenbuch. He is joined by SEI Investments director Cyprian Njamma in an episode also covering Covid-19 mortality data and the Pensions Regulator’s proposed asset information reform.

  • News on the go
    News

    APPT urges auditors to formalise data requests

    2021-04-22T00:00:00Z

    On the go: The Association of Professional Pension Trustees has written to the Institute of Chartered Accountants in England and Wales to express membership concerns about the amount of time and resource required to respond to enquiries about pension schemes from the auditors of scheme sponsors.

  • Podcasts
    Podcasts

    Podcast: TPR’s criminal powers policy will evolve with experience

    2021-03-30T00:00:00Z

    Podcast: The Pensions Regulator’s policy around the use of its controversial new powers “will evolve” in response to evidence, court cases and industry experience, its director of regulatory policy, analysis and advice revealed.

  • News

    ESG integration boosts portfolio returns

    2021-03-19T00:00:00Z

    On the go: Integrating environmental, social and governance factors into investment decision-making across all asset classes will lead to increased portfolio returns, according to Aon.

  • News

    Pensions dashboards’ 2023 target ‘under threat’

    2021-03-19T00:00:00Z

    The target date of 2023 for the introduction of the pensions dashboards is under threat from a lack of clarity in several key areas, the Society of Pension Professionals has warned.

  • Podcasts

    Podcast: Uber decision poses challenges for master trust sector

    2021-03-18T00:00:00Z

    Podcast: For master trusts, onboarding gig economy workers who could be entitled to a pension following the Supreme Court’s Uber verdict is not as simple as it may sound. Hymans Robertson’s Patrick Bloomfield, partner, and senior DC investment consultant Victoria Panormo unpack the problem, in an episode also covering the Pensions Regulator’s draft criminal powers policy, and the Department for Work and Pensions’ climate risk consultation.

  • Bloomberg
    News

    Tax ‘super-deduction’ could leave DB schemes short-changed

    2021-03-15T00:00:00Z

    A “super-deduction” introduced in the Budget could see less money available to clear pension deficits, experts have warned, as businesses look to take advantage of the tax break.

  • News

    TPR puts £25m anti-avoidance case to bed

    2021-03-02T00:00:00Z

    On the go: The Pensions Regulator has agreed a £25m settlement in its anti-avoidance case against the owners of bed manufacturer Silentnight, a sum not big enough to prevent its defined benefit scheme plunging into the Pension Protection Fund.

  • News

    TPR pledges guidance after royal assent for Pension Schemes Act

    2021-02-11T00:00:00Z

    On the go: The Pensions Regulator welcomed the Pension Schemes Act receiving royal assent on Thursday, with chief executive Charles Counsell looking forward to the “strong package of measures” it provides and pledging guidance for how they will be used. 

  • News

    Normal minimum pension age set to increase to 57 in 2028

    2021-02-11T00:00:00Z

    HM Treasury outlined plans on Thursday confirming the government’s intention to raise the normal minimum pension age from 55 to 57 in April 2028, while devising a “protection regime” that ensures some scheme members retain their current rights.

  • Wolfgang von Brauchitsch/Bloomberg
    News

    DWP proceeds with ‘revolutionary’ climate change agenda

    2021-01-27T00:00:00Z

    The Department for Work and Pensions has proposed broadening the scope of climate risk analysis to cover not just the environmental impact of pension schemes’ portfolios, but also sponsor covenants and actuarial valuations.

  • News

    New pensions act offences have ‘far-reaching consequences’, LCP warns

    2021-01-15T00:00:00Z

    On the go: New powers granted to the Pensions Regulator by the Pension Schemes Act could see directors, lenders and trustees made criminally liable for their mistakes, LCP has warned.

  • News

    Edinburgh Woollen Mill collapse leaves £17.5m pension black hole

    2021-01-05T00:00:00Z

    Clothing and homeware manufacturer Edinburgh Woollen Mill’s collapse into administration has sparked fears its defined benefit scheme will not recover the £17.5m owed to it.

  • Getty Images
    News

    Weekly roundup: It’s not easy being Green

    2020-12-04T00:00:00Z

    Welcome to Pensions Expert’s roundup of a week in which we bade farewell to a few of the high street’s better-known names, and the Pension Protection Fund brightened everyone’s mood with its new doomsday scenario.

  • News

    New trustee firm aims to inject dynamism into pensions

    2020-11-02T00:00:00Z

    Sarah Leslie has reached the end of her patience with the often “pedestrian” pace of things in the pensions industry.

  • News

    Flybe DB scheme outside of pensions lifeboat jurisdiction

    2020-03-06T00:00:00Z

    On the go: Members of the Flybe’s defined benefit scheme will not be entitled to compensation from the Pension Protection Fund, as the pension fund is based in the Isle of Man.

  • News

    Schemes to contribute £1m to Financial Reporting Council levy

    2020-02-05T00:00:00Z

    On the go: Pension schemes are being asked to contribute £1m to the Financial Reporting Council levy, which will rise to £47.2m in 2020-21 from £41.7m in 2019-20.