Videos & PodcastsRSS

Regulator should take ‘softly-softly’ approach to DC consolidation

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Podcast: The Pensions Regulator should take a “softly-softly” approach to defined contribution consolidation, similar to what happened with master trusts during the authorisation process, where subtle conversations occurred and schemes decided to exit in an orderly manner, according to Adrian Boulding, director of policy at Now Pensions. He and Rosalind Connor, partner at Arc Pensions Law, discuss the response from the watchdog to its consultation of the future of trusteeship and governance, among other topics.

Govt and regulators urged to review chair statements

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Podcast: Government and regulators should rethink schemes’ chair statements, as they have become a regulatory compliance tool for the pensions industry, according to Darren Philp, director of policy and communications at Smart Pension, and Judith Fish, professional trustee at Dalriada Trustees. The experts discuss, among other subjects, the recent fine received by the Financial Conduct Authority from the Pensions Regulator due to pension failures.

Vegan case flags importance of heeding members

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Podcast: Trustees and employers should consult members on their beliefs, and incorporate the investment views of the majority in their pension default fund, according to Romi Savova, chief executive at PensionBee, and David Brooks, technical director at Broadstone. The experts discuss the impacts of a landmark ruling finding that veganism is a philosophical belief, alongside other topics, in this week’s podcast.

What falling sterling means for pension funds

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Podcast: It has been a rocky few months for sterling, with the currency falling more than 7 per cent since May. In this podcast, Shoqat Bunglawala, head of Goldman Sachs Asset Management’s global portfolio solutions business, and Simeon Willis, chief investment officer at XPS Pensions, discuss the main reasons behind the decline, and what it means for pension funds.

Tackling the 'long tail' of underperforming smaller schemes

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Podcast: The Pensions Regulator’s latest defined contribution survey revealed that only 4 per cent of micro schemes and 1 per cent of small schemes are meeting all of the watchdog’s governance standards. David Fairs, TPR's executive director for regulatory policy, analysis and advice, has previously described the "long tail" of underperforming smaller schemes as "unacceptable". In this podcast, Mr Fairs talks to Pensions Expert about what the survey's findings mean, and how the DC landscape might change. 

The future of trusteeship

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Podcast: Is there a big difference in governance standards between boards with a professional trustee and boards without? Should lay trustees have to demonstrate how they have acquired a minimum level of knowledge and understanding? And what can be done to increase diversity on boards? In this episode, Laura Andrikopoulos, head of governance consulting at Hymans Robertson, discusses some of the Pensions Regulator's 'Future of trusteeship and governance' consultation proposals, and what impact they might have on the industry.

What the firefighters' and judges' case means for pensions policy

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Podcast: The government was recently denied leave to appeal a Court of Appeal ruling that pension changes discriminated against younger firefighters and judges. What does this mean for government policy regarding public sector pensions? And how could the issue spill over into private sector pensions? In this episode, Rosalind Connor, partner at Arc Pensions Law, discusses the far-reaching implications of this landmark case.

Putting a stop to unsuitable defined benefit transfer advice

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Podcast: The Financial Conduct Authority recently expressed concern that too much of the defined benefit transfer advice it has seen to date is still not of an acceptable standard. In this podcast, Tom Selby, senior analyst at AJ Bell, and Bob Scott, senior partner at LCP, talk about the impact of increased regulatory scrutiny of transfer advice, the need for DB flexibility, and how schemes and employers can help members by appointing a dedicated independent financial adviser to their scheme. 

How will investment pathways help consumers?

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Podcast: In January, the Financial Conduct Authority launched its consultation on investment pathways and other proposed changes to its rules and guidance. The consultation closed in April and the watchdog plans to publish its final rules and guidance in July. In this podcast, Jonathan Parker, director of DC and financial well-being consulting at Redington, discusses how investment pathways will help savers make more appropriate choices, and explains why smaller providers should not be exempt from the proposed regulations.

Are you doing enough to engage scheme members?

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Podcast: While technology is helping improve pensions communications across the industry, several challenges remain. In this PE podcast, Shola Salako, trustee representative at Dalriada Trustees, and Rhys Williams, strategy director at communications consultancy Quietroom, discuss the different ways in which schemes and providers can engage with members, and where they might be going wrong.