All Trustees articles – Page 23
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Features
University of Birmingham replaces GPP with master trust
The University of Birmingham has replaced its group personal pension plan with a master trust administered by a different provider, following a review of staff retirement savings arrangements.
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News
Link Pension Trustees receives record fine of £104k from TPR
On the go: The Pensions Regulator has fined professional trustee company Link Pension Trustees, a total of £103,750 for breaching multiple areas of pension law. This is the largest ever fine handed to trustees by the watchdog.
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News
TPO orders trustees to repay £2.4m into pension scheme
On the go: The Pensions Ombudsman has required the trustees of Henry Davison Limited Pension Scheme to repay £2.4m back into the scheme.
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OpinionWhy would anyone set up a trust-based scheme today?
Not so long ago, trust-based pension schemes were the only option in town.
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OpinionHow to take a proactive approach to decision-making
Proactive decision-making is a function of a pension plan’s governance framework, the knowledge of the individual trustees and the quality of the advice they receive from their advisers.
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News
OPDU launches independent pension trustee liability policy
On the go: The Occupational Pensions Defence Union has launched a pensions trustee policy aimed at individual independent trustees in the UK.
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OpinionTrustees must not shirk responsibility on DB transfers
From the blog: The Merchant Navy Officers Pension Fund has, in common with many other defined benefit pension schemes, seen a significant increase in transfers out of the fund since the introduction of pensions freedoms introduced three years ago under the then pensions minister, Steve Webb.
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NewsWhitbread expected to plug deficit following Costa sale
Leisure group Whitbread is likely to fill the deficit in its defined benefit scheme after having agreed the sale of coffee chain Costa to drinks group Coca-Cola, according to Numis broker Tim Barrett.
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News
Regulator tells schemes to consider cutting transfer values
The Pensions Regulator asked the trustees of 14 defined benefit schemes to review their transfer processes and consider cutting transfer values for members considering cashing in their benefits.
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OpinionNew regulator powers will only accelerate DB disappearance
From the blog: The government has floated well-intentioned reforms intended to strengthen the arm of regulators against dodgy bosses, but the proposed changes risk undermining trustees and making further scheme closures more likely.
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Features
Trustees take more active approach towards transfers
Analysis: Since the introduction of freedom and choice in 2015, more and more savers have shown an interest in defined benefit transfers, so what are the main benefits and risks for schemes?
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Features
Bulk annuities: How should schemes approach the market?
Analysis: 2018 has been a very busy year so far for buy-ins and buyouts, with plenty of competition and attractive insurer pricing.
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News
Lookers merges defined benefit schemes
UK motor resale company Lookers has amalgamated two of its defined benefit pension schemes, as experts highlight the improved efficiency and cost savings associated with mergers.
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OpinionWhat the DWP's new DB funding code could mean for trustees
In March this year, the Department for Work and Pensions published its white paper on 'Protecting Defined Benefit Pension Schemes'.
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News
BA wins appeal over discretionary increase
The trustees of the Airways Pension Scheme went beyond their remit in granting a 0.2 per cent discretionary increase to members’ pensions in 2013, the Court of Appeal has ruled.
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OpinionTo transition or not to transition, that is the question
If your relationship with your pension administrator is on the rocks, there are several things you should consider.
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OpinionTrustee negotiation need not always result in a winner and a loser
As has been highlighted by some recent high profiles cases, negotiating with the employer can be one of the biggest challenges faced by the trustees of defined benefit pension schemes.
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OpinionHow to guide your pension fund through M&A activity
While corporate transactions can be unsettling, it is worth bearing in mind that management will most likely be undertaking merger and acquisition activity for good reason – to grow the business, to increase competitive advantage, to diversify, or to simplify.
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Opinion
DC Debate Q2: Deferred annuities, retirement expectations and more
Five defined contribution experts talk about deferred annuity products, retirement expectations, and how the industry is adapting to people's changing work patterns.
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OpinionDeciding on the size of your trustee board
What is the ideal size for a trustee board? This is the most common question I have been asked in more than 18 years of advising trustee boards and their sponsors, and now as a professional trustee myself.