All Governance articles – Page 31
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Opinion
Does Saudi Arabia's succession planning put your scheme to shame?
Industry experts have warned that schemes are not putting enough thought into what would happen should they need to replace their trustee chair or pension director, leaving themselves open to administrative risk.
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News
Leading DB funds target responsible investment disconnect
The UK’s largest pension funds have put pressure on fund managers to make the case for their responsible investment strategies, publishing a guide intended to “break down the information barriers” between schemes and managers.
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Opinion
McClymont: Why IGCs are missing the I and G
There is nothing more important than good governance to ensure value-for-money workplace pensions. Without robust governance in the interest of savers, the success of auto-enrolment is not a sure thing.
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News
Uncertainty on IGC detail as providers get ready for April
Pension scheme providers are gearing up ahead of the April deadline to create independent governance committees, but are eagerly awaiting further details on how the arrangements will be run.
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News
When it comes to expenses, trustees face having their belts tightened
Rolling into the office after 12 indulgent days of Christmas, trustees and scheme managers may be tempted to brighten up a gloomy January, but scheme expenses could be squeezed this year.
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NewsM&S weighs drawdown option for mastertrust members
Retailer Marks & Spencer is exploring offering drawdown to its defined contribution scheme members, as the industry readies itself for April's retirement flexibilities in a tough market for annuities.
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News
Latest IORP revision ditches 'professional' qualification requirement for trustees
The latest revision of the European Commission pensions directive has removed a contentious requirement for trustees to have a "professional" qualification – reigniting debate in the industry on the merits of a minimum standard of training.
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Opinion
Where is innovation coming from in fiduciary management?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn compare experiences of innovation within the fiduciary management arena, in the final part of this discussion.
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Features
Off on a Christmas jolly? How to keep on the safe side of industry hospitality
Whether the 'good old days' of corporate hospitality provided important relationship building, or were symbolic of an overly cosy relationship between pension funds and their providers, the consensus is that times have changed.
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News
Plumbing scheme works to trace 7,000 addresses in data push
The Plumbing and Mechanical Services Industry Pension Scheme has taken steps to trace scheme members to improve its record-keeping, with the address of almost one in every five currently missing.
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Opinion
How should you benchmark your manager?
In the final part of this three-part debate on fixed income, Aon Hewitt's Tim Giles, Hymans Robertson's Carl Hitchman, Law Debenture's David Felder, M&G Investments' William Nicoll and the Pension Protection Fund's John St Hill run through the different options for measuring the performance of a fixed income manager.
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Opinion
The cult of the leader: how long is too long for a trustee chair's tenure?
What is more important from a pension scheme's chair of trustees – a steady hand on the tiller, or a fresh pair of eyes?
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OpinionEditorial: Breaking down a door
There used to be the cult of UK equity. Pension funds were to invest in their home country’s businesses so the accrued capital of workers’ retirement holdings was reinvested into capital-creating entities, driving growth and producing return.
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News
Pensions Trust reflects on trustee election after diversity move
The Pensions Trust did not see a bump in engagement in its latest round of trustee elections despite adding online voting, following a controversial decision to take names off the ballot to avoid “unconscious bias” towards male candidates.
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News
Unilever swaps asset allocation approach to focus on outcomes
Consumer goods giant Unilever's pension fund has adopted an outcome-led investment approach split into five key objectives, jettisoning its previous focus on asset allocation in a bid to avoid short-termism.
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News
UK lags Europe in passives drive for smart beta and ETFs
UK pension schemes are lagging behind their European counterparts investing in smart beta strategies, according to research that adds to criticism of actively managed strategies.
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Opinion
Five tips for any new pension scheme trustee
Any other business: The governance burden on pension fund trustees becomes heavier by the day, making it difficult to believe why anyone would be such a glutton for punishment as to take on the role. Here are five tips for the brave new trustee.
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News
DC benchmarks expected to switch attention to performance
Industry experts have predicted the governance focus for defined contribution default funds will swing from cost to performance as DC benchmarking capabilities come to the fore.
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News
LGPS consultation to drive greater member representation
The creation of national and local advisory boards for the Local Government Pension Scheme is expected to improve engagement and representation for members, but could lead to increased cost for compliance.
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Opinion
Issuing a 'trustee P45' – is firing scheme reps ever justifiable?
Any other business: Going against the grain is not necessarily a bad thing in a trustee; in fact it can be a necessary part of acting in members’ best interests.