All Member-nominated trustees articles – Page 4
-
News
Defying criticism: The other burden of being a lay trustee
Any Other Business: Lawyers, actuaries, professional trustees. The world of pensions is so full of highly specialised roles it can seem bizarre so much of the decision-making comes down to elected trustees who may have no experience with pensions.
-
FeaturesDealing with firebrands on scheme boards
Any Other Business: Jeremy Corbyn romped to victory in the Labour leadership campaign over the weekend, prompting widespread resignations from senior party members unwilling to work under the left-wing veteran backbencher.
-
News
Between two boards: Balancing the dual roles of exec and trustee
The broader experience of financial directors and company executives may enhance pension trustee boards' insight and understanding, but conflicts of interest should be carefully managed.
-
Features
How to drive scheme productivity
Any Other Business: Chancellor George Osborne painted an unimpressive picture of the nation’s productivity in the annual Mansion House address.
-
Opinion
How mixing the trustee board make-up can boost performance
The Pensions Act 2004 dictates trustees of pension schemes comprise at least one-third member-nominated individuals.
-
Opinion
How do you run a trustee election?
Following a largely unexpected result last week, the United Kingdom has a team in place to try and steer the country towards greater prosperity, opportunity and fairness (we hope).
-
Features
Are you an informed investor?
Any other business: Following a romp to all-time highs the FTSE 100 stuttered last week, with slips by multinationals and financials. More than ever, trustees must be engaged investors to ensure scheme decisions deliver good outcomes.
-
Opinion
Mixing it up: how added diversity could boost trustee board results
The global workforce is more diverse today culturally, ethnically, by gender, faith, sexual orientation and age group – and the pace of change is accelerating.
-
Opinion
Nodding heads: Are there any yes men around your trustee table?
It’s a Friday afternoon and a trustee board meeting is drawing to a close. Two legitimate options are on the table and a decision is imminent. Who takes the lead? Or more importantly… who nods their head and follows?
-
Opinion
Five tips for any new pension scheme trustee
Any other business: The governance burden on pension fund trustees becomes heavier by the day, making it difficult to believe why anyone would be such a glutton for punishment as to take on the role. Here are five tips for the brave new trustee.
-
Opinion
Issuing a 'trustee P45' – is firing scheme reps ever justifiable?
Any other business: Going against the grain is not necessarily a bad thing in a trustee; in fact it can be a necessary part of acting in members’ best interests.
-
Opinion
Justifying the fees: How to get value out of your lawyers
Any other business: "The trouble with life isn't that there is no answer, but that there are so many answers." This quote, attributed to Ruth Benedict, could easily be applied to the world of pensions law, where achieving consensus among lawyers is an almost impossible task.
-
News
The Pensions Trust takes names off ballot to reduce bias
The Pensions Trust has anonymised its trustee board elections in a controversial attempt to create a more diverse board, as schemes work to improve representation on male-dominated governance bodies.
-
Opinion
In defence of the regulator's DC code, six months on
It is now six months since the Pensions Regulator’s final defined contribution code of practice and regulatory guidance were published.
-
Opinion
How to encourage scheme member representation
The Pensions Act 1995 introduced the requirement for trust-based pension schemes to afford their membership the opportunity to nominate, and if necessary elect, member representatives to their board.
-
News
Regulator considers stringent testing for indy trustees to raise standards
The Pensions Regulator is considering requiring formal qualifications for independent trustees and trustee chairs, in order to raise governance standards, its executive director told delegates at Wednesday’s conference.
-
News
Scheme costs to ratchet up under IORP II revision
Trustees and schemes will face substantial administrative burden after the European Commission announced revisions to its incoming pension fund directive, including a requirement to continually evaluate environmental risk, which have been deemed “too prescriptive” by experts.
-
Features
Push to extend trustee diversity efforts to company board selections
NAPF Investment Conference 2014: Pension trustee boards can provide a governance training ground for mid-level executives looking to get onto company boards, but diversity efforts have stumbled among member-nominated trustees, experts have said.
-
News
Defence schemes 'future-proof' MNT governance
The Selex and AgustaWestland pension schemes have reformed their member-nominated trustee election processes to safeguard decision-making continuity for their beneficiaries.
-
Opinion
How to build the ideal trustee board for members
The first point to make when considering the ideal size and composition of pension scheme trustee boards is there is no one-size-fits-all approach.