Professional trustees told to 'comply or explain' in draft standards

The industry-led Professional Trustee Standards Working Group has drawn up a set of draft standards for professional trustees imposing a "comply or explain" regime, but some say it is lacking in clarity.

BAE actuarial switch sidesteps funding slump

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BAE Systems has ditched gilts-based valuations for its UK defined benefit schemes after gaining regulatory approval, freezing its deficit at 2014 levels and sparking controversy in the pensions industry.

Pearson scheme upgrades comms to boost engagement

The Pearson Pension Plan has revamped its member communications strategy, using the experience to apply a similar approach to the scheme’s member-nominated trustee appointment process.

Trustees and consultants urged to up their game in transparency push

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The chair of the Financial Conduct Authority’s working group on cost disclosure has spoken out about a dangerous fixation with net performance in the pensions industry, insisting that granular data is needed for the recent transparency drive to have any effect.

Comment & Analysis

Industry is divided over Royal Mail's CDC proposal

Pressure is mounting on the Department for Work and Pensions to lay regulations for collective defined contribution, after mediation between Royal Mail and the Communication Workers Union recommended lobbying government to facilitate their creation of a CDC scheme.

Pension freedoms need added support for savers

Gavin Perera-Betts

We all enjoy having control over our financial future, writes Nest's Gavin Perera-Betts, but introducing default retirement pathways could be the surprise present we need most this year.

Challenging providers is key to boosting value

Emma Douglas

Questioning service providers, understanding member preferences and striving to ensure effective governance can all help to boost value, explains Legal & General Investment Management’s Emma Douglas.

Videos & Podcasts

Mifid II: Why it matters

Mifid II and pensions

Video: The EU's second Markets in Financial Instruments Directive will change how asset managers disclose fees and charge investors for research from January. Donny Hay, client director at professional trustee company PTL, and Sebastian Reger, partner at law firm Sackers, say what trustees should keep an eye on.

Autumn Budget 2017: Reaction from the experts

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Podcast: What will the Autumn Budget mean for the pensions industry? Ruth Bamforth, director at law firm Walker Morris, and David Brooks, pensions technical director at Broadstone Corporate Benefits discuss a pensions-light Budget and the Chancellor's proposals for facilitating pension fund investment in patient capital.

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