All Trustee boards articles – Page 13
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NewsCoats proposes merger of its UK DB schemes
Industrial thread manufacturer Coats has proposed a merger of its three UK defined benefit pension schemes to cut costs and increase efficiency.
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Opinion21st Century Trusteeship – managing advisers and service providers
The Pensions Regulator’s Anthony Raymond explains why appointing the right service providers is a fundamental part of good governance.
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Opinion
Pensions industry still behind on gender pay gap
Analysis: The pensions industry is slowly publishing its gender pay gap data, and it does not make for pleasant reading.
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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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FeaturesLadbrokes Coral Group shares its trustee board
High street bookmaker Ladbrokes Coral Group has appointed a single trustee board for its pension plans following a company merger, a move experts say can improve efficiency and consistency.
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FeaturesRobo-trustees: Would you welcome one on your board?
Any other business: For those feeling uneasy about the idea of sitting next to a Star Wars-style droid at a quarterly meeting, you can rest assured we are not likely to witness the rise of the robo-trustee anytime soon.
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OpinionTrustees must adopt more transparent practices
Increasing scrutiny of trustee decision-making means they will have to develop more proactive processes for communicating the level of security afforded to members by their scheme, according to the Pensions Management Institute’s Robert Branagh.
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FeaturesUnilever forks out £600m to tackle £1.2bn DB deficit
Unilever has contributed £600m to its scheme, after an actuarial valuation revealed a £1.2bn deficit. Meanwhile, the trustees have taken steps to ensure they can act quickly should there be a significant corporate event.
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NewsBBC expands trustee board
The BBC pension scheme has changed the structure of its board, appointing two independent members. The scheme is now recruiting a third independent trustee. The changes take the total number of trustees to 11 from previously nine.
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OpinionWhen bigger is better
Editorial: When it comes to ensuring value for defined contribution members, bigger may often be better.
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OpinionWhat charities can do to address DB affordability
When it comes to addressing the affordability of charity defined benefit pension funds, Ruth Bamforth at Walker Morris recommends a proactive and open approach.
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Features
Raising trustee standards: How can the regulator cast its net wider?
Analysis: Member-nominated trustees' level of familiarity with the Pensions Regulator's expectations varies significantly from scheme to scheme, so how can the commitment and understanding shown by some boards be extended across the pensions universe?
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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
How to monitor the effectiveness of your trustee board
Amid an increased regulatory focus on governance and trusteeship, Independent Trustee Services’ Rachel Croft explains how trustees can monitor and review their own performance alongside external feedback.
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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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OpinionIn need of repair
Editorial: News that the Work and Pensions Committee will scrutinise the effects of the pension freedoms cannot have surprised many.
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FeaturesRoyal Insurance Group overhauls trustee board
The Royal Insurance Group Pension Scheme has reduced its trustee board size and changed the way member-nominated trustees are appointed, saying the move will save costs and make governance more efficient.
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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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OpinionTaking action to tackle gaps in scheme governance
The Pensions Regulator will step up regulatory action against trustee boards, reveals the organisation’s Anthony Raymond.
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Features
How to make sure a scheme merger runs smoothly
Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.