Comment & AnalysisRSS

Pressure builds on small DC schemes to consolidate

Martin, Emma (teaser)

Covid-19 looks to be accelerating the trend towards consolidation in the defined contribution industry, and the UK government is keen to see the transition take place at an even faster pace, writes Sackers’ Emma Martin.

Shaming those who cop to breaches sweeps cyber problem under rug

Snowdon, Gubler (teaser)

Trustees firing or criticising administrators for reporting cyber breaches damages trust and transparency, write PASA’s Margaret Snowdon and Kim Gubler, in response to reports of ransomware attacks that could — and do — happen to anyone in the industry.

Changes to pre-packs step in the right direction

Anne-Marie Winton (teaser)

The Insolvency Service has stepped in to strengthen the position of defined benefit schemes in pre-pack administrations, but the new veto right is not universal, writes Anne-Marie Winton of Arc Pensions Law.

Trustees need help to solve ESG puzzle

Tegs Harding (teaser)

Trustee boards’ best efforts to make meaningful progress on environmental, social and governance considerations are hamstrung by a lack of standardisation and a lack of integrated consultant ratings, writes Tegs Harding of Independent Trustee Services.

Sole trustee code of practice will improve schemes’ risk management

Shehzad Ahmad (teaser)

Shehzad Ahmad, trustee director at Ross Trustees, explains how the sole trustee code of practice launched by the Association of Professional Pension Trustees is expected to improve governance and standards for pension schemes.

DC costs need more transparency to create member confidence

David Hutchins 10_2020 (teaser)

AllianceBernstein’s portfolio manager of multi-asset solutions, David Hutchins, suggests a series of changes to defined contribution costs and charges in light of the review launched by the Department for Work and Pensions in this space.

Reducing business risk from data breaches

Anthony Rafferty (teaser)

Pension schemes are improving their security against cyber crime, but it is in human mistakes that data shows significant business risk lies, argues Anthony Rafferty of Origo.

How schemes can improve member communication during pandemic

Brad Compton (teaser)

No scheme membership is alike, but all good communication strategies show empathetic consideration for the preferences of each individual member, writes Buck’s Brad Compton.

Guidance needs stronger nudges to prevent future disaster

Jo Cumbo (teaser)

The nudge theory, which has proved its worth as individuals have been defaulted auto-enrolment, should be extended to guidance appointments for members looking to access their pensions, writes Financial Times global pensions correspondent Josephine Cumbo.

Smaller schemes could benefit from ‘fast-track lite’ option

Mike Smedley (teaser)

Isio partner Mike Smedley warns that smaller schemes will have trouble in complying with the Pensions Regulator’s fast-track funding approach, and while they will not be able to afford the bespoke route either, he proposes a third solution for these pension funds.