All Member-nominated trustees articles – Page 3
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NewsLeonardo protects trustees with new company
Leonardo’s defined contribution scheme is creating a company to shield trustees from personal liability as the freedoms have introduced new risks for DC trustees.
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OpinionReady for the next 20 years?
Pensions Expert 20th Anniversary: The future of pensions has never been less certain than it is today.
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Opinion
Are the days of the lay trustee numbered?
Pensions Expert 20th Anniversary: For all that is made of the asymmetry of knowledge in the trust-based pension system, anecdotes abound of times when lay trustees have proved their worth.
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NewsJ&J finds remedy for MNT recruiting ailment
Johnson & Johnson’s wide-ranging communications campaign encouraging scheme members to stand as trustee candidates shows it is possible to find “good quality” member-nominated trustees.
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OpinionIt's time to rethink trustee standards
From the blog: The Pensions Regulator’s recent findings of large variations in trusteeship standards have thrown up questions about the governance of pension funds.
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OpinionPractical steps to improve trustee diversity
To many people the adage 'pale, male and stale' will resonate in the context of pension scheme trustee boards, but diversity, in this setting, means more than simply altering the gender balance.
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NewsBA judgment shows value of diligent minute-taking
British Airways has lost a legal battle against the Airways Pension Scheme involving the trustees' decision to introduce a 0.2 per cent discretionary increase, as experts have stressed the importance of carefully documenting all decision-making processes.
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Opinion
Should trustees review their advisers more often?
Analysis: There are myriad tasks involved in running a pension scheme, so time is precious and efficiency is key. But when it comes to evaluating advice, how can trustees measure performance, and should they be reviewing their consultants more frequently?
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NewsIndustry unconvinced by MPs' funder of last resort concerns
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.
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News
TPR guidance: Welcome set of principles or waste of time?
While some have welcomed the Pensions Regulator’s recently published and extensive collection of investment guidance for those running defined benefit pension schemes, there are some concerns over the effectiveness of the information for time-stretched or less diligent trustees.
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News
Better trusteeship key to any future DB plans
Efforts to improve the level of experience and competence of trustee boards must not come at the expense of diversity, politicians have warned, as dealing with groupthink remains a key concern in defined benefit pensions.
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News
Cracks show over member involvement as MPs debate mastertrusts
As the pension schemes bill on tougher mastertrust regulation is passing through parliament, some have called for making member involvement in mastertrust governance mandatory, but it is feasible?
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OpinionHow to decide what is in members' interests
The challenges facing trustees of defined benefit schemes have grown dramatically over recent years. At times of such difficulty, it can help to go back to the basic principles of good trusteeship.
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News
'Unconflicted' MNTs have a place on trustee boards, experts say
Communicating complicated legislative changes, focusing on defined contribution governance and protecting members’ benefits are just a few of the challenges faced by trustee boards.
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Opinion
Proposed trusteeship diploma gets mixed response
The Pensions Management Institute and the Association of Professional Pension Trustees have announced the launch of a joint consultation to introduce a Diploma in Pension Trusteeship to improve trustee education and standards of scheme governance.
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News
Is groupthink at play on your trustee board?
A desire for conformity could stifle debate in trustee meetings, new research has suggested, but industry experts say lay trustees are encouraged to challenge the status quo.
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OpinionWhy the training debate should centre on pro rather than lay trustees
In her address to the Pensions and Lifetime Savings Association annual conference last month, the Pensions Regulator’s chief executive Lesley Titcomb tackled mandatory qualifications for trustees.
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News
Could regulator findings spell the end of lay trustees?
Schemes with only professional trustees are better run, research from the Pensions Regulator has today suggested, but experts have said schemes should not overlook the value of their non-professional counterparts.
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FeaturesShowstopper or sunken soufflé? The recipe for a successful trustee event
Any Other Business: The great and the good of the pensions industry will amass in Manchester this week for the National Association of Pension Funds’ annual conference, but what are the key event ingredients that trustees look for when choosing which events to attend?
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Features
What prep have trustees made ahead of any tax changes?
Any Other Business: John McDonnell has laid bare his plans to end austerity and tackle the deficit by taxing the rich.