Any Other Business: If you’re reading this as a trustee and wondering why so many questions are being asked about the future of the role, chances are you’re among the fraction receiving ongoing formal training.
From the blog: Independent governance committees have been tasked with assessing the value for money of their provider’s workplace personal pension plans.
But most IGCs are currently grappling with the issue of what value for money means and how they should assess it.
So, what would be reasonable for IGCs to consider when assessing value for money?
From the blog: Scheme maturity as well as changes to regulations and accounting rules have been the driving factors behind portfolio diversification over the past 50 years, boosting pension scheme appetite for alternatives and overseas investments.
Asset manager UBS's annual Pension Fund Indicator report points to greater fragmentation and larger allocations to overseas assets as key trends for pension fund investors.
Data analysis: With pension provision expected to rise exponentially over the coming two years – especially in light of the regulator's revised auto-enrolment forecast for smaller employers – it is increasingly important to monitor the links between participation and engagement.
The Pension Protection Fund has further increased its scheme funding level to 115 per cent and experts have said other defined benefit schemes could adopt its risk management approach to improve their results.
News analysis: The Bank of England has bolstered expectations of a rate rise by the end of the year, but experts have said while schemes should not overreact, they should consider their position ahead of any changes.
Comment & Analysis
Talking Head: Nest's Helen Dean explains how the mastertrust is working to align payroll and pension systems to smooth the auto-enrolment journey for smaller employers.
An independent pension commission is yet to manifest despite industry support, and it is time to reinvigorate the initiative, says Quantum Advisory's David Deidun.
If defined contribution scheme members are to make confident investment decisions they need to be clear on costs, says Mercer's Andrew Williams.
Video: The Pensions Regulator's chief executive Lesley Titcomb outlines the watchdog's key areas of focus – including a revision of the DC code, the freedom fallout and mastertrust assurance, and touches on the argument for a single regulator (6:11).
Video: Which trends are driving how pension funds are structuring their growth portfolios? M&G Investments' Steven Andrew, Nest's Mark Fawcett and Barnett Waddingham's Marcus Whitehead discuss the opportunities and risks (5:55).
Video: Aviva Investors' Mark Versey, plus HR Trustees' Giles Payne and Redington's Kenny Nicoll discuss how underlying investment strategies are evolving (5:47).