All Governance articles – Page 26
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OpinionSleeping on the job – a hazard for trustees
From the blog: The long-running dispute involving the Coats Group defined benefit schemes finally came to a conclusion last month: the Pensions Regulator’s anti-avoidance investigation into Coats resulted in a £74m settlement for the third and final DB scheme under investigation.
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NewsNo all-in fee for asset management firms
Asset management firms must disclose estimated and actual fees and transaction costs to clients, but should not be forced to charge a single fee for services, the Financial Conduct Authority has recommended.
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Opinion
How do trustees choose the 'right' consultant?
The Financial Conduct Authority’s final report on the asset management market revealed that the investment consulting sector has not escaped the watchdog’s scrutiny, but pinning down criteria for a good consultant is not easy.
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Opinion
Is professionalism the answer to the governance dilemma?
A trend among schemes towards delegation and using professionals means the question how trustees can monitor those who advise them becomes ever more pressing.
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News
Governance overhaul required to solve DB woes
An overhaul of trust-based pension schemes to separate trustee ‘directors’ from professional managers could have prevented a crisis in defined benefit pensions, a new report has claimed.
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Opinion
DC Debate Q2 (part 1): Are equities best for defaults?
In the second DC Debate of 2017, seven defined contribution specialists discuss ESG in default funds, and what to say to members when markets fall.
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NewsBA judgment shows value of diligent minute-taking
British Airways has lost a legal battle against the Airways Pension Scheme involving the trustees’ decision to introduce a 0.2 per cent discretionary increase, as experts have stressed the importance of carefully documenting all decision-making processes.
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Features
How DC schemes should approach smart beta
How should defined contribution schemes approach smart beta, and how will environmental, social and governance focused investment change the sector? Eric Shirbini from ERI Scentific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield discuss.
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OpinionWhy ESG is more than ‘nice to have’
Environmental, social and governance factors should be a core element of schemes’ investment strategies, argues Redington’s Rob Gardner.
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OpinionPassive investors can still be active owners
Shareholder engagement is more than going with the fund manager’s view, Nest’s Mark Fawcett argues.
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OpinionDoes private equity offer schemes good value?
Trustees should focus on governance when trying to make sure private equity investments add value, says Rikhav Shah from EY.
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OpinionE, S or G: Which should schemes prioritise?
Schemes should prioritise whichever one will help them be better stewards of the assets they manage, says Kathleen Hughes from Goldman Sachs.
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Features
FKI scheme winds up and moves members to mastertrust
Trustees of the defined contribution FKI Group Pension Plan have agreed to wind up the scheme, transferring active members to a mastertrust, as experts note governance and cost management benefits.
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OpinionThe risks of poor data governance
From the blog: Just when personal pension scheme administrators thought they understood and could confidently respond to the Financial Conduct Authority’s reporting requirements on members’ use of pension freedoms, the goalposts have been moved again.
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News
TPR guidance: Welcome set of principles or waste of time?
While some have welcomed the Pensions Regulator’s recently published and extensive collection of investment guidance for those running defined benefit pension schemes, there are some concerns over the effectiveness of the information for time-stretched or less diligent trustees.
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News
Better trusteeship key to any future DB plans
Efforts to improve the level of experience and competence of trustee boards must not come at the expense of diversity, politicians have warned, as dealing with groupthink remains a key concern in defined benefit pensions.
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News
Keep it simple when exploring new strategies
PLSA Investment Conference 2017: While smart beta has been labelled a cost-effective option for schemes looking for higher returns than a market cap index, trustees turning to these types of strategy have been advised to keep things simple while focusing on governance and costs.
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News
Lack of consultant feedback threatens scheme governance
PLSA Investment Conference 2017: More than half of professional trustees and consultants rate their clients’ decision-making capabilities as acceptable or below, as industry figures have urged a rethinking of boardroom psychology.
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OpinionWhy Nest is factoring in climate change
Nest’s Mark Fawcett explains why Nest has started investing members’ money in a new climate aware fund.
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Opinion
What to look for in the forthcoming IGC statements
What are independent governance committee reports likely to include this year? Jacqui Reid from law firm Sackers takes a look.