All Governance articles – Page 32
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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.
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News
Academic backs call for IGCs to mirror trustee boards
NAPF Annual Conference 2014: Senior industry figures have called for independent governance committees to be more like trustee boards in their activities, to protect member interests.
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Opinion
'Education', salesmanship, and how to find the real deal
The oft-repeated phrase a journalist hears from an asset manager trying, often unsuccesfully, to garner support for a new product launch is, 'It's all about education'.
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Features
Tyne and Wear switches PE benchmark to limit relative volatility
Tyne and Wear Pension Fund has switched to using an absolute return benchmark for its private equity investments in a bid to reduce the relative volatility of returns.
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News
Lothian reports on governance reform
Lothian Pension Fund has completed the first full year of governance reforms designed to increase representation for stakeholders and strengthen processes.
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News
Taskforce recommends social impact investment for DC
Defined contribution pension schemes should offer members the option to include social impact investments in their portfolio, a government-led taskforce has said, but consultants foresee barriers to take-up.
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Opinion
Five reasons to improve your scheme data quality
There is no mystery to how we got to where we are with pension scheme data, or why the Pensions Regulator felt the need to intervene.
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Opinion
Taking a break from your investment worries
Talking head: Redington’s Rob Gardner looks at the current worries facing institutional investors, and how they can get past them.
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Opinion
How can schemes judge DGF performance?
Kevin Frisby from LCP, JLT Investment Consulting’s Allan Lindsay, Axa IM’s Yoram Lustig, HR Trustees’ Giles Payne, Aon Hewitt’s Ryan Taylor and Bruce White of LGIM discuss how schemes can measure the performance of diversified growth funds, in the first of a four-part panel discussion.