All Dalriada Trustees articles – Page 3
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OpinionRegulator striking the right balance on deficit holidays
Coronavirus is turning the world upside down for pension trustees. Prior to the crisis, trustees were being pushed to take a tougher line by demanding employers plough more cash into their defined benefit plans.
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OpinionDon’t panic over 2020 valuations
Not all schemes will come out of the Covid-19 crisis in a worse shape than they entered it. Wherever trustees sit in the spectrum, their first priority should be gathering information, writes Dalriada Trustee’s Charles Ward.
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News
Aon’s merger with Willis Towers Watson to create $80bn giant
Aon and Willis Towers Watson have agreed on a merger, which will see the companies creating the UK’s largest pensions consulting firm and a worldwide insurance broker worth $80bn (£61bn).
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News
Pension schemes to share scams intelligence online
The Pension Scams Industry Group is working with anti-fraud organisation Cifas to launch a network of open-source information on suspicious companies and pension arrangements, which specialists say could be an important step in bringing scams under control.
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News
TPR to test trustees’ knowledge in bid to improve governance
The Pensions Regulator plans to conduct checks on trustees’ knowledge to assure governance standards in the industry, and has promised to consider appropriate action where they fall below expectations.
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PodcastsPodcast: Govt and regulators urged to review chair statements
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.
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News
Pension funds’ recovery in question as Norton enters administration
On the go: Norton Motorcycles has gone into administration, raising questions about recouping money in three pension funds solely invested in the motorcycle manufacturer.
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News
Pensions Ombudsman to hold hearing against failed trustee
On the go: The Pensions Ombudsman will hold an oral hearing against the trustee and administrator of three pension schemes solely invested in a motorcycle manufacturer, as it has received 30 complaints against these individuals.
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OpinionThe pension industry’s ‘Extinction Rebellion’ moment
Dalriada’s Vassos Vassou explains why trustees must take ownership of environmental, social and governance risks in their pension funds’ investment strategies, and how asset managers and consultants must be held to account.
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News
CMA approves fiduciary performance measurement standard
On the go: The Competition and Markets Authority has approved a performance measurement standard to be used by fiduciary management providers.
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NewsDalriada working with replaced trustee to recoup £14m
Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.
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NewsESG divestment set to take place on global scale
Climate change activism and trustee awareness of environmental, social and corporate governance has led schemes to divest from fossil fuels, figures released today show.
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News
TPR shows off tougher approach alongside single-source code of practice
The Pensions Regulator's use of its frontline powers has risen by a third over the past year, it has revealed, as the watchdog cements its “clearer, quicker, tougher” ethos into its practice.
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News
TPR publishes new DC investment guidance
On the go: The Pensions Regulator has updated its DC investment guidance to incorporate new regulations on environmental, social and governance risk coming into force from October 2019 and October 2020.
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OpinionSmall schemes, big changes: How to tackle the UK governance problem
Dalriada Trustees’ Vassos Vassou sees professionalising the UK’s trustee boards as a potential solution to the governance failings at small UK schemes. But with few sub-scale schemes able to afford the extra cost, could a regulatory levy be used to boost board expertise?
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PodcastsPodcast: Are you doing enough to engage scheme members?
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.
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News
TPR replaces DC pension trustees at Dunnes Stores
On the go: Pension trustees at Northern Irish high street retailer Dunnes Stores have been stopped by the Pensions Regulator from running the company’s defined contribution scheme.
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OpinionIn pensions as in Brexit, it pays to plan for the worst
Editorial: The government would not be expected to flirt with the prospect of not achieving a Brexit deal without prior contingency planning. It is time for pension fund trustees to think carefully about what they would do if their sponsor goes under.
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News
Select committee gives pension industry low marks for transparency
On the go: The pensions and financial inclusion minister Guy Opperman, and John Glen, the economic secretary to HM Treasury, were grilled by the Work and Pensions Committee investigating pension costs and transparency on Wednesday.
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NewsRBS scheme slashes equities after £2bn contribution
The Royal Bank of Scotland’s UK defined benefit schemes have dramatically cut their exposure to equities, derisking their portfolios into corporate and government bonds to improve the plans’ risk level.