All Governance articles – Page 23
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OpinionExpect as few as 15 master trusts within five years
Uncertainty and market jostling will greet the enforcement of the master trust authorisation regime in October, but the end result should benefit members, according to Stephen Coates at JLT Employee Benefits.
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NewsCoats proposes merger of its UK DB schemes
Industrial thread manufacturer Coats has proposed a merger of its three UK defined benefit pension schemes to cut costs and increase efficiency.
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OpinionDesigning DC default funds for better outcomes
From active and passive investment management to member concerns and ESG – three experts, including a mastertrust director, a consultant and a finance director, debate the key issues facing DC default fund providers.
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Opinion
What role does ESG play in default fund design?
Paul Todd, director of investment development at Nest, Lydia Fearn, head of DC and financial wellbeing at Redington, and Keith Stephenson, director of finance and resources at the Association of Commonwealth Universities, discuss the role of ESG in default fund design, as well as the greatest challenges facing DC default fund providers.
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Opinion
Is ESG on course to become the norm in DC defaults?
Late last year the UK government said it was “minded” to make pension fund trustees produce environmental, social and governance statements.
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OpinionWhat could we expect from the regulators’ joint pension strategy?
How could the Financial Conduct Authority and the Pensions Regulator’s joint strategy improve pensions regulation? Aegon’s Kate Smith discusses the regulators’ current responsibilities and the benefits of the watchdogs working together on certain issues.
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OpinionHow to ensure good value for members
From governance and investment to member engagement and communications, seven experts, including HR directors, look at how employers, providers and trustees can ensure better outcomes for members of defined contribution schemes.
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NewsSchemes told to be active owners to ensure long-term returns
Pension funds are becoming more active in exercising ownership to improve governance of investee companies, but there is still scope for investors to further integrate environmental, social and governance factors, a panel of experts from across Europe has said.
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Opinion
Is ESG on course to become the norm in DC defaults?
High profile corporate governance failures, campaigns against the use of plastics, and US pension funds criticised for holding gun manufacturers after the latest school shooting – a powerful combination of recent events has pushed environmental, social and governance investing further up the institutional agenda.
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News
Hammersmith & Fulham weighs up fossil fuel divestment
The £1bn London Borough of Hammersmith & Fulham Superannuation Fund is discussing whether to lower its fossil fuel exposure as part of its next investment strategy review.
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OpinionHow can employers, providers and trustees work together to ensure good governance?
Rosemary Lemon from Hays, Caroline Roberts from Visit Britain, Nasir Rafiq from Islamic Relief Worldwide, Mark Rowlands from Nest, Ami Bartrip from the Financial Times, Jason Green from Finance & Technology Research Centre and, Andy Cheseldine from Capital Cranfield, discuss the importance of governance in delivering good member outcomes.
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Features
Can you run your scheme better than a sole trustee?
Analysis: Defined benefit trustee boards are finding it increasingly difficult to source a full complement of member-nominated trustees, as final salary becomes a legacy benefit system. Is the rise of the sole corporate trustee inevitable?
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FeaturesTeesside invests in energy storage ahead of pooling
The £3.9bn Middlesbrough Borough Council Teesside Pension Fund has invested in operational grid-scale energy storage assets, through the British Strategic Investment Fund.
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OpinionCampaign for greater transparency is critical to proper governance
Chris Roberts at Dalriada Trustees explains the benefits of the FCA’s new requirements for fund managers to provide details of transaction costs when requested to do so by trustees or IGCs.
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FeaturesLadbrokes Coral Group shares its trustee board
High street bookmaker Ladbrokes Coral Group has appointed a single trustee board for its pension plans following a company merger, a move experts say can improve efficiency and consistency.
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News
TPR fines airline's scheme for failing to get accounts audited on time
Four trustees of the Pakistan International Airlines Retirement and Death Benefits Plan have been fined £500 each for failing to get accounts audited on time for two years in a row.
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OpinionThe year ahead for the Pensions Regulator
Lesley Titcomb sets out the Pensions Regulator’s priorities for 2018.
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FeaturesUnilever forks out £600m to tackle £1.2bn DB deficit
Unilever has contributed £600m to its scheme, after an actuarial valuation revealed a £1.2bn deficit. Meanwhile, the trustees have taken steps to ensure they can act quickly should there be a significant corporate event.
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Opinion
IORP II marks an underwhelming farewell from the EU
The EU’s new directive on pension funds will see schemes producing benefit statements on a yearly basis, while risk-management standards will be dragged up and borders broken down, but the overall impact will be limited.
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News
Govt 'minded' to introduce mandatory trustee ESG statements
The government is to consult on whether trustees should be required to state their policies on sustainability, member concerns and stewardship, and will clarify current legislation as part of a wider push to increase pension investment in social and illiquid assets.