All Trustees articles – Page 28
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News
CFOs pushed to increase focus on DB schemes
A new survey has found that 59 per cent of chief financial officers said they should become more involved with the management of their companies’ defined benefit schemes, following a steep post-Brexit DB deficit increase.
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Opinion
Raising standards of trusteeship
As we continue to develop our support for the 21 century trustee, it is clear many are doing a great job in challenging circumstances. These trustees are setting enviable standards of best practice.
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Opinion
How can trustees stand their ground in sponsor discussions?
Trustees have every right to be a little confused. Shortly after the Pensions Regulator was created in 2005, trustees felt they were being asked to ‘act like a bank’.
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Opinion
Scams: What trustees can do to avoid members becoming victims
Trustees are, in fact, indirect victims of scams, so action to protect members is more often than not action that also helps themselves.
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Opinion
How to prepare for legal and regulatory change
Pensions legislation seems to be subject to continual change and is now supplemented by a raft of codes of practice and guidance from the Pensions Regulator.
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Opinion
A trustee's duties in the era of freedom and choice
Freedom and choice has radically reshaped the pensions landscape. From consumers to pension schemes, in many ways we’re all still learning to navigate this new terrain and adapt to unfamiliar circumstances.
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News
Industry concern over government's 'dangerous' ESG proposals
A proposal that would empower the government to intervene in local government pension investment decisions where they contradict British foreign policy has raised concern in the pensions industry.
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News
Named and shamed: Should trustees publicly criticise service providers?
Any Other Business: This week, Financial Times columnist Lucy Kellaway created a buzz by publicly rebuking the head of marketing and communications at technology company Hewlett Packard Enterprise over an email he sent her criticising an article she had written.
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Opinion
In 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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News
Scottish ruling creates confusion for pensions lawyers
Pensions lawyers need guidance on how to treat antiquated or onerous scheme rules, experts have said, after Scotland’s highest appeal court ruled that a legal firm must pay more than £62,000 to the Scottish Solicitors Staff Pension Fund.
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News
Behind the painted veil: How transparency influences retirement outcomes
The pensions industry must address conflicts of interest ingrained across its systems, delegates heard at the transparency symposium last week, as the Financial Conduct Authority clamps down on the asset management industry.
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Opinion
When knowledge is power: how to manage your advisers
Advisers' day-to-day engagement with the pensions world, together with their qualifications, mean that their pensions knowledge should be second to none. But does that make them powerful?
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Features
Panning for gold in an age of information
Any Other Business: The mounting complexity of pension trusteeship has been met by a surge of information and intelligence sources. But how can trustees be successful prospectors as they mine the industry for useful nuggets?
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News
Is groupthink at play on your trustee board?
A desire for conformity could stifle debate in trustee meetings, new research has suggested, but industry experts say lay trustees are encouraged to challenge the status quo.
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Features
Fujifilm develops its DC default fund approach
Fujifilm is overhauling its defined contribution default fund to improve its performance and relevance to members, as schemes continue to rethink DC glide paths following the pension freedoms.
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Features
Market trends shaping liability management in 2016
Defined benefit pension schemes across the UK struggled with soaring liabilities in 2015, but industry experts have warned against a 2016 ‘bet on interest rates’ in what could be a bumper year for tackling risk.
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Opinion
Pensions Regulator: Our expectations of DC trustees
Talking Head: After a period of intense change, we are going further to help trustees and scheme managers adapt to the new pensions landscape, and understand the challenges they are facing.
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Opinion
How DC trustees can determine 'good value'
From the blog: Trustees of occupational pension schemes that provide money purchase benefits are now required to assess and report annually on the extent to which member-borne charges and transaction costs under their scheme represent good value for members.
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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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Features
Cash flow crisis: How to avoid becoming a forced seller
Sweeping closures of defined benefit schemes across the UK will limit the pain of future liabilities for sponsors, but have created a growing problem many pension funds have been slow to recognise: a cash flow crisis is on the horizon.