All Governance articles – Page 18
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Opinion
More than a number: what it means to be a professional trustee
Dalriada’s Greig McGuinness recounts his experience of accreditation as a professional trustee, and gives his thoughts on the responsibility to uphold the profession that comes with completing the process.
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Opinion
Trustees must face hard governance truths after Covid shake-up
Our daily lives will inevitably change once the Covid-19 crisis is over.
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News
USS divests from coal, tobacco and weapons manufacturers
The UK’s largest pension scheme has announced it is to divest from selected coal, tobacco and weapons manufacturers, following years of campaigning by members and activist groups.
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News
Chair’s statement template to ease trustee headaches
On the go: The Pensions and Lifetime Savings Association has released a new template designed to help trustees of well-run defined contribution schemes avoid being caught out by chair’s statement requirements.
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Opinion
Templates help, but govt help is needed on chair’s statements
As the Pensions and Lifetime Savings Association releases templates to help trustees avoid pitfalls in defined contribution chair’s statements, George Currie appeals for greater regulatory flexibility in how punishments are dished out.
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Opinion
How will pandemic affect employer contributions longer-term?
Over the past few weeks, the Pensions Regulator has been publishing a range of guidance for schemes and employers, which among other easements effectively gives the green light for trustees to consider the deferral of deficit reduction contributions for a period of up to three months.
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News
ESG-focused investments show durability through market meltdown
The Covid-19 pandemic has shown how important environmental, social and governance factors are when making investment decisions, according to analysts.
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News
Covid-19: Disruption for DC schemes; social impact woes
While defined contribution trustees are being warned they could be facing more disruption than just investment volatility, institutional investors are calling on companies to mitigate the coronavirus social impact. At the same time, risks of cybersecurity and fraud are on the rise. Read our round-up of pensions and finance news about the coronavirus outbreak.
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News
HSBC ahead of curve with TCFD compliance
As the government seeks powers to mandate pension schemes to disclose their climate change risks, the HSBC Bank (UK) Pension Scheme is already on its second report under the Task Force on Climate-related Financial Disclosures.
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News
Volatility exposes trustees’ slow reaction times
Volatility playing havoc with defined benefit funding ratios may speed the transition towards fiduciary management and consolidation of final salary schemes, according to governance specialists.
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News
L&G to launch fossil fuel free fund
On the go: PensionBee will offer Legal & General’s first fossil fuel-free fund, in response to demand from consumers to exclude oil from their pension investments.
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News
Cheshire Pension Fund questions members on investments and ESG
The £5.8bn Cheshire Pension Fund is gauging the views of its members and participating employers on its investment strategy and environmental, social and governance policy.
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News
Trustee boards display unacceptable lack of diversity
On the go: The Pensions and Lifetime Savings Association has published a guide to improving diversity and inclusion in pensions, amid enduring concerns over groupthink and prejudice in the trust-based system.
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Opinion
The biggest driver of change in DC
Data Crunch: Broadridge’s Jonathan Libre looks at recent changes in legislation in the defined contribution space and how these schemes have adapted to a fast-evolving world of requirements.
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News
DWP: Government will not dictate schemes’ ESG investments
The government insists it is not intervening in pension scheme investment strategies with a climate change amendment to the pension schemes bill introduced earlier this month.
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News
Nest joins campaign for Barclays fossil fuel divestment
On the go: Master trust Nest has joined a group of institutional investors urging Barclays to publish a plan to gradually phase out its financing of fossil fuel companies.
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News
TPR ordered to set out climate change strategy
On the go: The government is expecting the Pensions Regulator to publish a strategy for dealing with the financial risks arising from climate change, among other requirements to integrate the Green Finance Strategy into its activities.
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Podcasts
Podcast: Regulator should take ‘softly-softly’ approach to DC consolidation
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.
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News
PMI launches accreditation course for professional trustees
On the go: The Pensions Management Institute has launched its course for professional trustees seeking accreditation, after an apparent split with the Association of Professional Pension Trustees.
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News
ESG amendments to give govt ‘unprecedented new powers’
The Pensions and Lifetime Savings Association has warned that government bodies will have “unprecedented new powers” to interfere in pension scheme investment strategies if an amendment to the pension schemes bill is passed.