All Opinion articles – Page 21
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OpinionFix democratic deficit before mandating professional trustees
The Pensions Regulator’s industry consultation on the ‘Future of trusteeship and governance’ has revealed a divide.
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OpinionWhy face-to-face member engagement outdoes digital…for now
Record attendance at the London Pension Fund Authority’s annual member forum in late September highlights the scale of the opportunity for pension schemes when they invest in their membership and collaborate more effectively with their members.
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OpinionPension funds should quiz their managers on voting
The asset management industry is expected to manage $145tn (£113tn) by 2025.
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OpinionIs more needed to clean up fiduciary management?
Fiduciary management can not only add value to pension schemes but also offer them improved governance solutions.
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OpinionElection policies we need but probably won’t get
With the next general election less than five weeks away, the main political parties are busily drawing up their policy pledges to win over voters.
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OpinionIntroduction of professional trustees should be gradual
The Pensions Regulator’s recent consultation on the ‘Future of trusteeship and governance’ received more responses than ever before, at 114.
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OpinionGMP issue still needs more input from government
Administration is an industry in flux. The trend of ever-shrinking budgets and slumping service standards is finally reversing, with administrators and the wider pensions industry embracing a renewed focus on members as customers.
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OpinionWhat does ‘value’ mean for UK DC schemes?
Data Crunch: Since the introduction of the 0.75 per cent cap on member charges in 2015, the average fee paid by members of defined contribution schemes has fallen dramatically.
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OpinionIgnore ESG risks at your peril
Last week this government’s new environmental, social and governance regulations came into force.
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OpinionIt is time for the industry to face up to its data problems
Poor record-keeping has long been the elephant in the room in the pensions sector.
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OpinionSeven features that define DB pension schemes
Data crunch: The UK private sector defined benefit universe comprises approximately 5,500 schemes with a combined £1.8tn in total assets. The result is a landscape that is uncommonly diverse, although seven key parameters help define scheme characteristics and behaviour.
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OpinionSite visits: Get to know a fiduciary manager before you tie the knot
Selecting a fiduciary manager is just like marriage: you want to take time to select the right partner. Trust comes from knowing people well and seeing them often. Much like selecting a partner for life, you want to know the whole family (firm), not just the edited bits online (the beauty parade that many rely on in selection).
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OpinionMaster trust regulation: Lessons from South Africa
The pensions landscape in the UK is undergoing seismic changes. The past decade has seen an overwhelming shift from defined benefit to defined contribution pension provision, and an explosion in the number of members of pension schemes courtesy of auto-enrolment.
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OpinionDC schemes: Is it time for a reboot?
The Work and Pensions Committee has its sights set on improving pension costs and transparency, and while Frank Field and colleagues have some useful suggestions for the industry, they should perhaps be encouraged to go further.
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OpinionShifting trustee mindsets: ESG integration just means risk management
The start of October will herald a major change in the UK investment landscape. As all trustees of UK occupational pension schemes will be well aware, from the start of the month they will be required to set out and publish how they take account of financially material risks.
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OpinionTurkeys don’t vote for Christmas
Too much of the pensions industry serves its own interests rather than those of its members, says CEM Benchmarking’s John Simmonds. The problem, he argues, lies in the role of scale. But is bigger truly better when it comes to pensions?
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OpinionAmid Brexit chaos, RPI end could rock pensions
Editorial: Welcome to the September issue of Pensions Expert, one which comes amid untold levels of turmoil in the world around us.
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OpinionRegulator still sparing AE breach employers’ blushes
When it comes to bad bosses not doing the right thing by their staff, the Pension Regulator likes to talk tough.
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OpinionPPF’s role in company restructuring and insolvency events
Over the past few years we have seen a number of high-profile company insolvencies and restructurings. When a company with a defined benefit pension scheme faces such a situation, the Pension Protection Fund gets involved.
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OpinionTime for a summer stocktake
Julian Mund, the Pensions and Lifetime Savings Association’s chief executive, reflects on 2019 so far – from master trust authorisation to impressive auto-enrolment figures. But despite some positive developments this year, Mr Mund notes that there is still a significant amount of uncertainty over what the next few months have in store for the pensions industry.