All Governance articles – Page 30
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FeaturesMNRPF takes proactive step to monitor its fiduciary manager
Merchant Navy Ratings Pension Fund has created a three-person oversight committee to monitor the performance of its newly appointed fiduciary manager, an area of scheme investment that is notoriously difficult to benchmark.
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NewsEnvironment Agency reduces carbon footprint by 44%
The Environment Agency Pension Fund has reduced its carbon footprint by 44 per cent since 2008, as it looks to avoid the long-term financial risk of climate change.
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OpinionWhy the training debate should centre on pro rather than lay trustees
As the Pensions Regulator sharpens its focus on finding a suitable model for the 21st century trustee, PMI’s Tim Middleton explores the growing trend towards professionalising the role.
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Features
Havering makes about-turn on pooling
London Borough of Havering Pension Fund has reversed its original decision not to join the London Collective Investment Vehicle, making it one of the last of the city’s schemes to take this route to reduce manager fees.
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Features
The Pensions Trust outperforms after investment governance change
Multi-employer scheme The Pensions Trust has changed its investment governance structure to reduce bureaucracy, beating its benchmark in the process.
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OpinionRegulator: Coding for quality — how we’re supporting DC
Talking Head: The Pensions Regulator’s Andrew Warwick-Thompson shares the latest on the Pensions Regulator’s revised DC code of practice, reveals findings from its survey on transfers and exit fees, and says where to get help for understanding new DC charges.
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News
How much should you channel members’ ethical views?
Any Other Business:It is natural in a democratic society to expect your voice to be heard. In pension schemes this is channelled through the member-nominated trustee, but when it comes to seeking your members’ views, how much is too much?
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News
Welsh funds reach impasse on asset-pooling plans
Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
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OpinionNest: Why governance is so important for the success of auto-enrolment
Talking Head: Nest’s new chief executive Helen Dean explains why governance forms the backbone of successful DC pension provision in the UK.
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Opinion
What the low-carbon drive means for UK pension funds
Analysis: As the divestment movement garners legislative backing in the US, how should UK pension funds respond to the long-term risks of holding fossil fuel stocks?
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FeaturesDealing with firebrands on scheme boards
Any Other Business: Jeremy Corbyn romped to victory in the Labour leadership campaign over the weekend, prompting widespread resignations from senior party members unwilling to work under the left-wing veteran backbencher.
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Features
The big sell: How to attract new trustees to a scheme
Any Other Business: The role of pension trustee has grown in complexity over recent years and has become too daunting a task for many, but some schemes are finding new ways to lure fresh blood to the role.
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NewsPolice investigation highlights need for internal scheme checks
The protection of scheme assets against internal fraud should be a top priority for administrators and trustees, experts have said, following the arrest of an employee on suspicion of a scheme-related theft.
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OpinionWhy the power of IGCs should not be underestimated
Investment governance committees lack the power of a trustee board, says Sackers’ Helen Ball, but they can still change workplace pensions for the better.
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NewsIs your scheme spending enough time on administration?
Any Other Business: Trustees of pension schemes are required to oversee all aspects of scheme administration while navigating the complexities of investment, policy change and benefit design.
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News
LGPS sharpens focus on collaboration as consultation looms
News analysis: Local authority schemes are poised for the outcome of a consultation on collaboration which could compel them to pool their investment assets to save on costs.
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Opinion10 points every IGC should consider when judging VFM
From the blog: Independent governance committees have been tasked with assessing the value for money of their provider’s workplace personal pension plans.
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News
Opening the kimono: Should your scheme be sharing its best practices?
Any Other Business: When we started this feature a year ago this week, its aim was to help trustees get to grips with the more oblique aspects of their role – from how to negotiate the best deal for your scheme in a merger, to what happens if you need to fire a fellow trustee.
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News
Environment Agency fund shares five-point ESG selection test
Environment Agency Pension Fund has detailed the five-point criteria it uses to assess managers for its responsible investments, as it awards £180m to a global sustainable equity mandate.
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OpinionContract-based DC is still playing governance catch-up
Improving contract-based DC governance has been a priority, but these plans still lag their trust-based counterparts, says Hogan Lovells’ Nicola Rondel.