All Governance articles – Page 34
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News
Webb seeks to alleviate scheme guidance concerns
Pensions minister Steve Webb has tried to assuage the concerns of defined contribution schemes by implying the guaranteed retirement guidance could be delivered in less intensive ways than face-to-face meetings.
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News
SME 'genuinely worried' about Budget impact on engagement
A British manufacturer has raised concerns about how the greater retirement flexibility announced in the Budget will impact the success of workplace saving and auto-enrolment, saying employees will need more help to navigate the system.
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Features
Mastertrusts call for governance standards to be made mandatory
Two of the country's largest mastertrusts have called for a legal standard to raise the barriers to entry for providers, as the industry evaluates the Pensions Regulator's assurance framework.
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News
LDI struggling to penetrate medium and smaller-sized schemes
Liability-driven investment strategies are struggling to gain ground outside larger schemes, with regulatory data indicating just one in 17 medium-sized plans have implemented hedging strategies.
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News
Waltham Forest invests in impact bonds for diversified returns
Waltham Forest Pension fund has invested in a £20.8m impact investment fund as it seeks to diversify its returns and support UK-based social capital projects.
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News
Charge cap consultation ramps up governance, weakens employers
News analysis: Defined contribution scheme representatives will see governance responsibilities increase after the pensions minister announces further reforms to ensure members get value – with a backdrop of industry debate on the charges cap.
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OpinionEditorial: What you wish for
Last year in this column I asked the pensions minister to “go big or go home” on the charges cap, arguing that only a 0.75 per cent level – rather than 1 per cent – would justify the regulatory burden.
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News
Greater intermediary fee transparency needed to assess value, experts urge
News analysis: Investment management and consultant fees need to be more transparent to allow schemes to more accurately measure whether they are getting value for money, industry figures have said.
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Opinion
How to pick assets for active management
In this edition of Informed Comment, Buck’s Ciaran Mulligan assesses the uncertain benefits of active management, and where it can provide value for schemes.
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Opinion
Why the reg's DC code is near impossible for lay trustees
The Pensions Regulator's defined contribution code was published in November 2013 and applies to trustees of all occupational DC trust-based pension schemes with two or more members. It also covers additional voluntary contributions in defined benefit trust-based schemes.
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News
Education key as employers stretch to reach pension goals
News analysis: Companies need to better educate staff to encourage responsibility for pension saving, as research has highlighted a misalignment between employers’ goals and the outcomes of their defined contribution plans.
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News
Isle of Wight bolsters governance ahead of LGPS reform
Isle of Wight Pension Fund has identified areas ripe for improvement in its governance, including more frequent funding monitoring, as local government schemes brace for next year's reforms to the sector.
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Opinion
How to build your risk committee
As more defined benefit schemes follow a derisking plan towards their end point, monitoring and managing risk grows ever more important.
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News
Essex mulls delaying SME rep election as reform hits
Essex Pension Fund is considering extending the tenure of its smaller-employer representative, allowing time for the government to provide more clarity on local government scheme governance changes.
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Features
Digesting the latest government figures on DC quality and charges
The Department for Work and Pensions' latest survey of 1,321 DC plans and providers gave a comprehensive picture of the charges at UK pension funds.
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Opinion
Why schemes waste money switching managers too often
In this week’s Informed Comment, Affiliated Managers Group’s Andrew Dyson explains why pension funds should not “react hastily” to medium-term underperformance.
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Opinion
Nest: the challenges we face in 2014
We have come a long way over the past year, with huge increases in both workers enrolled into Nest and employers signing up.
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Opinion
Spotlight on mastertrust governance intensifies
As more of the UK’s workers are set to be auto-enrolled into multi-employer workplace schemes this year, the industry’s focus has turned to ensuring these schemes are fit for purpose.
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Opinion
Tracking the rise and uncertainty of responsible investment
Socially responsible investment is undoubtedly gaining popularity among both asset managers and trustees.
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Opinion
How to manage your cash flows effectively
Inefficient cash flow management is prevalent among UK pension schemes, but also avoidable, explain Buck’s Simon Hill and Emma Lowry in this edition of Technical Comment.