All Professional trustees articles – Page 15
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OpinionRegulator must work with industry on professional trustee standards
Both the Pensions Regulator and industry working groups are seeking to define the responsibilities and standards expected of professional trustees. If they do not achieve consistency, writes the Pensions Management Institute’s Tim Middleton, it will be hard to justify their implementation.
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OpinionAdmit mistakes and encourage discussion to prevent repetition
Sean Burnard from Law Debenture Pension Trustees explains how creating a learning culture, seeking diverse opinions and carrying out premortems can help trustees avoid making new mistakes or repeating old ones.
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News
Trustees with fid man less likely to check quality of service
Trustees employing fiduciary managers are less engaged in assessing the quality of their provider than those with a traditional investment consultancy relationship, the latest report from the Competition and Markets Authority has found.
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News
Could airline black box approach take off in the pensions industry?
A Pensions Institute report published on Wednesday has suggested that emulating the airline industry’s black box thinking approach of systematically analysing mistakes could solve many of the problems facing defined benefit schemes.
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Features
Can you run your scheme better than a sole trustee?
Analysis: Defined benefit trustee boards are finding it increasingly difficult to source a full complement of member-nominated trustees, as final salary becomes a legacy benefit system. Is the rise of the sole corporate trustee inevitable?
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News
Professional trustees told to 'comply or explain' in draft standards
The industry-led Professional Trustee Standards Working Group has drawn up a set of draft standards for professional trustees imposing a "comply or explain" regime, but some say it is lacking in clarity.
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News
Seven in 10 professional trustees want standards body
Professional trustees have called for a body to set standards and monitor performance in the industry, but experts have cautioned against any measure that threatens the level of cognitive diversity on trustee boards.
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NewsLeonardo protects trustees with new company
Leonardo’s defined contribution scheme is creating a company to shield trustees from personal liability as the freedoms have introduced new risks for DC trustees.
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Opinion
Are the days of the lay trustee numbered?
Pensions Expert 20th Anniversary: For all that is made of the asymmetry of knowledge in the trust-based pension system, anecdotes abound of times when lay trustees have proved their worth.
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News
TPR campaign outlines governance basics
The Pensions Regulator has launched a new campaign directed at trustees and their advisers, as part of a wider push to raise governance standards, but experts say its success relies on collaboration and engagement from all stakeholders.
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News
PLSA urges schemes to focus on ‘inputs’
A new report on pension scheme governance calls for greater focus on improving the quality of structures and personnel, or ‘inputs’, and argues that processes have received excessive attention.
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OpinionTrustee standards – an impractical election fever
From the blog: There is much debate on how to improve trustee standards. The Pensions Regulator has consulted and responded on what it calls 21st century trusteeship, and many ideas abound.
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News
TPR naming and shaming aims to boost trusteeship
The Pensions Regulator has reaffirmed its commitment to improving standards of trusteeship, with a series of policies that place a particular focus on the role of professional and independent board members.
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OpinionIt’s time to rethink trustee standards
From the blog: The Pensions Regulator’s recent findings of large variations in trusteeship standards have thrown up questions about the governance of pension funds.
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OpinionHow consultants can prepare for scheme consolidation
Avida International’s Bart Heenk explains why consultants should embrace scheme consolidation, and how they can prepare for change.
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Opinion
How are DGFs being used in DC?
How are defined contribution schemes using diversified growth funds, and what roles do member engagement and cost constraints play? Naomi L’Estrange from 2020 Trustees, Shuntao Li from Barnett Waddingham, Neil McPherson from Capital Cranfield, Murray Taylor from JLT Employee Benefits, and Percival Stanion from Pictet Asset Management discuss DGFs in DC and the issue of fees.
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OpinionGDPR: Why trustees need to take notice
Claire Bell explains how schemes should prepare to comply with the new data protection regulation ahead of its launch next year.
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OpinionWhat defines a professional trustee?
Laura Clarke from law firm CMS gives tips on what to look for in a professional trustee in the absence of a regulatory requirement for qualification.
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Opinion
Is professionalism the answer to the governance dilemma?
A trend among schemes towards delegation and using professionals means the question how trustees can monitor those who advise them becomes ever more pressing.
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Opinion
Should trustees review their advisers more often?
Analysis: There are myriad tasks involved in running a pension scheme, so time is precious and efficiency is key. But when it comes to evaluating advice, how can trustees measure performance, and should they be reviewing their consultants more frequently?