All Professional trustees articles – Page 15
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OpinionWhat defines a professional trustee?
The Pensions Regulator has become increasingly concerned with the standards of governance of pension scheme trustee boards in the UK.
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Opinion
Is professionalism the answer to the governance dilemma?
The quality of trusteeship and pension fund governance has improved considerably over the past decade, but many schemes remain poorly governed; this was the view of the Work and Pensions Committee earlier this year.
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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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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
Trustees overlook strategic objectives due to deficit distraction
Deficits distract the majority of trustees from focusing on the ultimate goal of paying members’ pensions, recent research has found, but some experts highlighted the role of covenant strength and scheme size in deciding where the priority should be.
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Opinion
How has the debate on value for money developed?
Identifying value for money when choosing a holiday, a restaurant or a car is relatively straightforward – if the consumption is immediate.
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OpinionWhat earns you trust?
Editorial: Gloomy predictions led to a sliding pound ahead of Prime Minister Theresa May’s speech on Brexit last week, but instead her assertions meant that sterling rose, bringing some hope to currency markets (and those of us who are looking to travel this year).
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FeaturesSaul relocates trustees in cost-cutting drive
The Superannuation Arrangements of the University of London has saved more than £500,000 by relocating its trustee team as part of a wider push to improve cost efficiency.
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News
How to choose a professional trustee for your scheme
Any other business: A regulatory burden that has proved too much even for some professional trustees and a challenging investment environment mean running a scheme has arguably never been harder. So should schemes appoint professional trustees, and what qualities do they need to look for?
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Opinion
What's the outlook for DC in 2017?
Defined contribution adequacy and stagnant investments were key concerns for trustees in 2016, so what do experts think the new year has in store for DC?
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News
Chair competence key as survey highlights inefficient meetings
Any Other Business: Pension fund trusteeship is a time-consuming role with huge responsibilities covering a wide range of topics, but are the boards running schemes using their time wisely?
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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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Opinion
Ensuring standards for professional trustees
It is an unfortunate fact that pensions often only become a front-page story when something has gone horribly wrong. Recent examples show once again the pain of corporate failure has been exacerbated by a defined benefit scheme deficit.
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OpinionIn defence of lay trustees
From the blog: The Pensions Regulator has found that professional-only trustee boards are better run. That’s not all that surprising. However, non-professionals have lots to bring to trustee boards and their value should not be underestimated.
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NewsCost and complexity increase support for multi-employer schemes
The cost and complexity of running a pension scheme is increasing the appeal of multi-employer schemes, experts have said, as a survey shows industry support for government-backed scheme consolidation.
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News
Regulator aims to 'eradicate surprises' with risk management guide
The Pensions Regulator has issued a practical guide on integrated risk management to help trustees assess and respond to covenant, investment and funding risks, but experts have said schemes will need additional help.
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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.