All Trustee boards articles – Page 14
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Features
How to make sure a scheme merger runs smoothly
Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.
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Opinion
How do you pick a good pensions manager?
Any Other Business: From supervising providers and monitoring scheme performance to managing key relationships, the modern day pensions manager is now the ultimate multitasker. So how easy is it to find the perfect candidate?
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OpinionTrustee standards – an impractical election fever
From the blog: There is much debate on how to improve trustee standards. The Pensions Regulator has consulted and responded on what it calls 21st century trusteeship, and many ideas abound. Recently, the highly respected Kevin LeGrand floated some ideas.
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News
TPR naming and shaming aims to boost trusteeship
The Pensions Regulator has reaffirmed its commitment to improving standards of trusteeship, with a series of policies that place a particular focus on the role of professional and independent board members.
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FeaturesBayer latest scheme to move to mastertrust
Pharmaceutical company Bayer has closed the defined contribution section of its pension plan and transferred members to a mastertrust, a move experts say has become increasingly common in recent years.
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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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FeaturesHP sets up trustee company in simplification push
The Hewlett Packard Limited Retirement Benefits Plan has changed the structure of its trustee board to a trustee company, in a move to simplify processes while increasing scrutiny of trustee actions.
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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
Lack of consultant feedback threatens scheme governance
PLSA Investment Conference 2017: More than half of professional trustees and consultants rate their clients’ decision-making capabilities as acceptable or below, as industry figures have urged a rethinking of boardroom psychology.
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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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OpinionIndustry on right track with diversity initiatives, but further change is needed
Any other business: The need for greater diversity across the pensions and asset management industry is evident, so what progress has been made so far to improve the situation?
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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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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
High charges could affect £26bn of scheme assets, review warns
The Financial Conduct Authority and Department for Work and Pensions’ Independent Project Board has found that about £26bn of pension scheme assets are potentially facing charges of 1 per cent or higher.
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Features
Brexit, pooling and transparency: Top investment stories from 2016
Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.
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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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FeaturesNational Grid goes ahead with new scheme sections
National Grid has decided on the section allocation of scheme members after agreeing on the creation of three independent sections within the National Grid UK Pension Scheme earlier this year
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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.