All Governance articles – Page 33
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Opinion
Justifying the fees: How to get value out of your lawyers
Any other business: “The trouble with life isn’t that there is no answer, but that there are so many answers.” This quote, attributed to Ruth Benedict, could easily be applied to the world of pensions law, where achieving consensus among lawyers is an almost impossible task.
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Opinion
How to deal with renegade trustees at your scheme
Any other business: It has been a month where companies, governments and journalists have been accused of a personal bias. How do you ensure your trustees leave their personal interests at the door?
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News
Smaller schemes combine service provision to reduce legacy burden
Leading benefit consultancies have reported more small to medium-sized schemes are bundling services under a single provider in response to a growth in legacy arrangements and to benefit from economies of scale.
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News
Risk management key trustee challenge as complexity criticised
An industry survey has shown understanding risk is the biggest challenge for defined benefit pension scheme trustees, sparking debate over whether trustees need more sophistication, or whether scheme choices need simplifying.
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Opinion
What the guidance guarantee means for your scheme
In the latest edition of Technical Comment, Barclays’ Lydia Fearn lays out the key questions and steps that schemes need to be asking to make sure they are ready to implement the guidance guarantee.
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Opinion
Confronting the scourge of the ever-growing meeting pack
Any other business: Is there a trustee out there who makes it through every page of their meeting bumpf?
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News
Personnel shortage anticipated for independent governance bodies
Independent governance committees could be hampered by a shortage of experienced professionals as contract-based scheme providers race to set up bodies by April 2015, with industry figures suggesting sharing personnel.
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Features
Scheme managers raise doubts on joint LGPS governance boards
Local authority schemes have raised concerns over whether incoming pensions boards can be combined with their existing section 101 committees, one of the options in the government’s consultation on governance in the Local Government Pension Scheme.
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News
DB steals limelight in 75% of hybrid scheme trustee meetings
Three-quarters of hybrid scheme trustees spend more time on their defined benefit offerings than defined contribution, sparking concerns that they are failing to respond to the shift to DC.
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Opinion
How to set up an investment subcommittee
Gordons’ Ruth Bamforth lays out the ingredients of an effective investment subcomittee, but warns the liability for decisions remains with the main trustee board, in the latest edition of Technical Comment.
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News
Nest sizes up green technology as it sharpens ESG focus
Nest is looking to benefit from a low-carbon economy through investments in green technology, in a triennial update of its investment beliefs announced today.
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Opinion
Time is running short. Regulators must provide detail on how to implement DC reform
Talking head: The National Association of Pension Funds’ Richard Wilson lays out the increasingly troubling timetable for schemes to carry through this year’s DC reforms, and calls on government and regulator alike to provide further detail.
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News
Church of England scheme boosts funding level with 20% equity growth
The Church of England Funded Pension Scheme has seen an improvement in its funding level thanks to asset outperformance, in particular from equities, as it looks to increase its illiquid asset holdings.
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Features
NESPF beefs up governance to prep for Scottish LGPS reform
North East Scotland Pension Fund plans to establish a dedicated governance team – incorporating communication responsibilities – to deal with the increased workload produced by local government pension scheme reforms.
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Opinion
Avoiding a talking shop: how to get more out of your trustee meeting
Any other business: Economist and diplomat John Galbraith once said: “Meetings are indispensable when you don’t want to do anything.” But with fiduciary duty weighing heavily on trustees, board meetings must be a forum for effective decision-making.
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Features
Local government schemes reject forced passive CIV proposals
Local authority schemes have rejected government proposals to mandate pooling assets into a passively managed common investment vehicle, but did see benefits in other suggestions put forward.
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Opinion
Stop making excuses on fiduciary management and demonstrate value
In this edition of Informed Comment, Cardano’s Emma Adair says the fiduciary management industry is not transparent enough on value, and calls on providers to publish their track records.
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Features
Are iPads harming or helping trustee boards? The cases for and against tablet governance
Any other business: In the technology world, a recently unearthed speech by Steve Jobs in 1983 predicting the world dominance of the personal computer is clear evidence of the Apple co-founder’s vision.
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Features
Isle of Wight fund mulls ethical investment policy after council reclaims public health role
Isle of Wight Pension Fund is considering setting its own policy on social, environmental and ethical factors to be considered when making investment decisions, after the council took back responsibility for public health.
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Opinion
PPF: Why our approach is not just about assets and liabilities
Talking head: The Pension Protection Fund’s Marcus Bishop looks at the crucial risk management and reporting building blocks of its investment strategy.