All Pensions Management Institute articles – Page 3
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News
Statutory pension transfer rights pause becomes bill amendment
A new amendment restricting the statutory right to a transfer is to be tabled to the pension schemes bill, in an attempt to combat pension scammers.
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News
Industry leaders’ plea to ministers over FCA advice trap
Leaders of pensions industry representative groups have written a joint complaint to government ministers over new guidance from the Financial Conduct Authority, which they warn could see helpful trustees deemed to be giving regulated financial advice.
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Features
New managing partner for Arc Pensions Law
Boutique law firm Arc Pensions Law has a new managing partner, Rosalind Connor, who succeeds Chris Mullen, its co-founder.
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News
Widespread industry support for regulator’s Covid-19 response
On the go: Industry professionals are “overwhelmingly positive” about the Pensions Regulator’s response to Covid-19, though they remain pessimistic about future prospects, according to a report from the Pensions Management Institute.
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OpinionMore than a number: what it means to be a professional trustee
Dalriada’s Greig McGuinness recounts his experience of accreditation as a professional trustee, and gives his thoughts on the responsibility to uphold the profession that comes with completing the process.
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News
APPT announces provisional accreditation to sidestep lockdown
On the go: The Association of Professional Pension Trustees has unveiled a new provisional accreditation scheme.
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News
First trustee passes professional accreditation standard
On the go: The accreditation system put in place for professional trustees has seen its first candidate pass through the process, as qualification providers eye online migration of examination processes.
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NewsBA trustees disembark as destination comes into view
A British Airways defined benefit scheme is shrinking its trustee board size, due to decreased workload after a buy-in and successfully weathering the Covid-19 funding storm.
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OpinionKeeping conferences alive during lockdown
The Pensions Management Institute vice-president Tim Phillips discusses the importance of conferences for the pension industry – put on hold due to the current Covid-19 crisis – and how new technologies need to be developed so cross industry-collaboration and professional networking can continue to flourish.
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News
PMI launches accreditation course for professional trustees
On the go: The Pensions Management Institute has launched its course for professional trustees seeking accreditation, after an apparent split with the Association of Professional Pension Trustees.
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News
TPR to test trustees’ knowledge in bid to improve governance
The Pensions Regulator plans to conduct checks on trustees’ knowledge to assure governance standards in the industry, and has promised to consider appropriate action where they fall below expectations.
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News
Professionals say regulation creating unnecessary costs
On the go: A survey of pensions professionals has uncovered concerns about the added cost burden placed on schemes by increasingly strict regulation.
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OpinionIntroduction of professional trustees should be gradual
The industry remains divided over whether trustee boards should be mandated to appoint a professional trustee because, while they might improve standards, they also lead to an increase in costs. To tackle this, the Pensions Management Institute’s Lesley Carline explains why the regulator should adopt a phased introduction of professional trustees.
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News
Pension professionals distrust consolidation, finds PMI poll
On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.
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News
Professional trustee standards created to encourage better practices
The introduction of formal standards for professional trustees has been welcomed as a vital step in improving scheme governance, but concerns remain over whether the framework is robust enough.
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FeaturesM&S portal launch sees 12,000 DB members sign up
Marks and Spencer has launched a new portal service for its defined benefit scheme members, offering access to pension records on demand and enabling them to complete a wide range of tasks.
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News
PMI report predicts just 20 master trusts in five years’ time
On the go: There will be no more than 20 master trusts in five years’ time, according to in an influential report from the Pensions Management Institute, which predicts the new master trust authorisation regime will lead to widespread consolidation and collaboration.
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OpinionWhy does DC still go wrong?
Manual interventions in automatic processes mean there is still the potential for defined contribution administration to go wrong. Taking a step back could help trustees and administrators spot mistakes before they are too difficult to unpick, says the Pensions Management Institute’s Lesley Carline.
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OpinionMastertrust sector still concerned about new regime
The Pensions Management Institute’s working group on mastertrusts has revealed that while the industry welcomes authorisation with open arms, particpants remain unclear on what form the new regulatory regime will take, writes PMI president Lesley Carline.
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OpinionWhat the DWP’s new DB funding code could mean for trustees
The Pensions Management Institute’s Lorraine Harper discusses the revised regime for scheme funding set out in the Department for Work and Pensions’ white paper on defined benefit pension schemes, published earlier this year.