All Trustee boards articles – Page 13
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News
TPR plan welcomed, but concerns remain over consistency
The industry has welcomed the Pensions Regulator's new corporate plan, which outlines how it plans to become “clearer, quicker and tougher”, but concerns remain over consistency and the watchdog's focus on smaller schemes.
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NewsCoats proposes merger of its UK DB schemes
Industrial thread manufacturer Coats has proposed a merger of its three UK defined benefit pension schemes to cut costs and increase efficiency.
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Opinion21st Century Trusteeship – managing advisers and service providers
We have been running our 21 Century Trusteeship programme for several months, focusing on basic areas of trusteeship to drive up standards in pension schemes.
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Opinion
Pensions industry still behind on gender pay gap
Analysis: The pensions industry is slowly publishing its gender pay gap data, and it does not make for pleasant reading.
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News
Could airline black box approach take off in the pensions industry?
A Pensions Institute report published on Wednesday has suggested that emulating the airline industry’s black box thinking approach of systematically analysing mistakes could solve many of the problems facing defined benefit schemes.
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FeaturesLadbrokes Coral Group shares its trustee board
High street bookmaker Ladbrokes Coral Group has appointed a single trustee board for its pension plans following a company merger, a move experts say can improve efficiency and consistency.
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FeaturesRobo-trustees: Would you welcome one on your board?
Any other business: For those feeling uneasy about the idea of sitting next to a Star Wars-style droid at a quarterly meeting, you can rest assured we are not likely to witness the rise of the robo-trustee anytime soon.
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OpinionTrustees must adopt more transparent practices
Another new year, another set of pension crises. Following on from the likes of BHS and British Steel, we now have Carillion, and this time pension trustees are in the spotlight more than ever before.
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FeaturesUnilever forks out £600m to tackle £1.2bn DB deficit
Unilever has contributed £600m to its scheme, after an actuarial valuation revealed a £1.2bn deficit. Meanwhile, the trustees have taken steps to ensure they can act quickly should there be a significant corporate event.
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NewsBBC expands trustee board
The BBC pension scheme has changed the structure of its board, appointing two independent members. The scheme is now recruiting a third independent trustee. The changes take the total number of trustees to 11 from previously nine.
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OpinionWhen bigger is better
Editorial: When it comes to ensuring value for defined contribution members, bigger may often be better.
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OpinionWhat charities can do to address DB affordability
Where possible, charities have taken the obvious steps to address their defined benefit pension fund issues, such as closing their schemes to future accrual.
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Features
Raising trustee standards: How can the regulator cast its net wider?
Analysis: Member-nominated trustees' level of familiarity with the Pensions Regulator's expectations varies significantly from scheme to scheme, so how can the commitment and understanding shown by some boards be extended across the pensions universe?
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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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Opinion
How to monitor the effectiveness of your trustee board
The launch of the Pensions Regulator’s 21 century trusteeship campaign marks a significant step forward in the level of and approach to the regulator’s engagement with pension schemes on governance and trusteeship.
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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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OpinionIn need of repair
Editorial: News that the Work and Pensions Committee will scrutinise the effects of the pension freedoms cannot have surprised many.
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FeaturesRoyal Insurance Group overhauls trustee board
The Royal Insurance Group Pension Scheme has reduced its trustee board size and changed the way member-nominated trustees are appointed, saying the move will save costs and make governance more efficient.
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News
TPR campaign outlines governance basics
The Pensions Regulator has launched a new campaign directed at trustees and their advisers, as part of a wider push to raise governance standards, but experts say its success relies on collaboration and engagement from all stakeholders.
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OpinionTaking action to tackle gaps in scheme governance
Earlier this year, we commissioned two surveys to gauge how pension schemes are meeting our expectations, and to explore the barriers they face.