All Professional trustees articles – Page 17
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Opinion
Why trustees should pull together to focus on what matters
The Pareto principle states that 80 per cent of effects come from 20 per cent of the causes. In management terms this means a fraction of your efforts could have disproportionate outcomes.
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Opinion
Does Saudi Arabia's succession planning put your scheme to shame?
Industry experts have warned that schemes are not putting enough thought into what would happen should they need to replace their trustee chair or pension director, leaving themselves open to administrative risk.
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Opinion
How to run a beauty parade to find the best adviser for your scheme
Any other business: The time comes when every scheme needs to hire new advisers. But in an industry with such a diverse range of skills, how can you be sure you are hiring the right one?
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Opinion
Nodding heads: Are there any yes men around your trustee table?
It’s a Friday afternoon and a trustee board meeting is drawing to a close. Two legitimate options are on the table and a decision is imminent. Who takes the lead? Or more importantly… who nods their head and follows?
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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
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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Features
'Oversharing' is good. A scheme guide for dealing with the regulator
The western world is divided on the power of regulation to move it forward. On the left and in the centre, politicians promise regulation to avoid the excessive risk-taking that almost led to the collapse of the global financial system in 2008.
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Features
Half of schemes lack trustee training plan, survey finds
Two employers have explained how they make sure trustees are regularly trained, after a Pensions Regulator survey shows half of schemes do not have a training plan.
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News
Regulator considers stringent testing for indy trustees to raise standards
The Pensions Regulator is considering requiring formal qualifications for independent trustees and trustee chairs, in order to raise governance standards, its executive director told delegates at Wednesday’s conference.
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News
Scheme costs to ratchet up under IORP II revision
Trustees and schemes will face substantial administrative burden after the European Commission announced revisions to its incoming pension fund directive, including a requirement to continually evaluate environmental risk, which have been deemed “too prescriptive” by experts.
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FeaturesRoyal Mail and M&S trim trustees to reflect membership
The Royal Mail and Marks & Spencer pension schemes have reduced the size of their trustee boards to ensure they are more representative of their membership.
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Features
Large schemes tighten governance with trustee payments
George Coats discovers a growing trend among large schemes to remunerate non-professional trustees, as they seek to improve governance standards following an increase in complexity of the role.
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Features
How fiduciary management can work for small schemes
Atkin & Co director Marian Elliott outlines why fiduciary management is suitable for schemes of all sizes, but warns there are additional risks and costs to be considered.