All Trustees articles – Page 21

  • News

    Regulator appoints 91 trustees during first quarter

    2020-06-12T00:00:00Z

    On the go: The Pensions Regulator has appointed 91 trustees to ensure the proper administration of pension schemes between January and March, according to new data.

  • News

    Trustees advised to focus on going concern in schemes’ accounts

    2020-06-02T00:00:00Z

    On the go: Consideration of going concern in the preparation of pension scheme financial statements requires greater focus from trustees due to the coronavirus crisis, accountancy bodies have warned.

  • News

    Poor Q1 returns catch up on risky fiduciary managers

    2020-05-29T00:00:00Z

    Fiduciary managers with heavily equity-based portfolios suffered the heaviest losses in the first quarter of 2020, as the wide variation in strategies continues to provoke discussion about the right level of growth portfolio diversification.

  • News

    First 14 professional trustees become fully accredited

    2020-05-22T00:00:00Z

    On the go: Some 14 professional trustees have become fully accredited under the Association of Professional Pension Trustees framework.

  • News

    Old British Steel scheme trustees consider buyout

    2020-05-20T00:00:00Z

    On the go: The trustees of the Old British Steel Pension Scheme are considering a buyout for its 31,000 members, due to a better-than-expected funding position achieved while in the assessment period at the Pension Protection Fund.

  • Podcasts

    Podcast: The days of ‘amateurish’ trusteeship are over

    2020-05-20T00:00:00Z

    Podcast: The challenges posed by Covid-19 will accelerate the move toward professional trusteeship, according to Mercer’s chief actuary Charles Cowling, who argues that the responsibilities in this area post-coronavirus will be too much for lay trustees to handle alone. He and Catherine McFadyen, head of public sector actuarial, benefits and governance at Hymans Robertson, discuss LGPS funding, the impact of mortality rates, and give their predictions about the post-crisis world.

  • News

    British Airways resumes pension transfer activities

    2020-05-18T00:00:00Z

    British Airways is to resume its pension transfer activities following a short suspension due to the impact of the coronavirus crisis, Pensions Expert can reveal.

  • News

    Regulator warns trustees to prioritise pension switches

    2020-05-13T00:00:00Z

    On the go: The Pensions Regulator has urged trustees to prioritise pension switches and ensure they are completed in good time, in an attempt to ensure savers do not miss out during the Covid-19 pandemic.

  • Podcasts

    Podcast: McClymont - UK still has far too many master trusts

    2020-05-06T00:00:00Z

    Podcast: The UK master trust market is still lacking the scale needed to provide the best outcomes for members, argues Gregg McClymont, director of policy at The People’s Pension. He and Pat Sharman, managing director at Caceis, discuss concerns from the Pensions Regulator regarding the investment strategies pursued by some of the UK’s authorised master trusts, among other topics.

  • News

    ITV scheme trustees approve deficit repayment holiday

    2020-05-06T00:00:00Z

    On the go: The trustees of ITV’s defined benefit schemes have agreed to a deficit repayment contribution delay, amid action from the broadcaster to mitigate the impact of Covid-19.

  • News

    Counsell: Industry must ‘step up and protect savers’

    2020-04-15T00:00:00Z

    On the go: Pension providers and trustees “must step up and protect savers using every possible means”, as the vulnerability of individuals to scams has increased due to the coronavirus pandemic, the Pensions Regulator chief executive has warned.

  • News

    TPR eases reporting and enforcement rules

    2020-04-09T00:00:00Z

    On the go: The Pensions Regulator has relaxed its enforcement rules and reporting guidelines for trustees amid the coronavirus crisis.

  • News

    TPR urges trustees to work flexibly with administrators

    2020-04-03T00:00:00Z

    On the go: The Pensions Regulator has updated its Covid-19 guidance for trustees, highlighting that the pandemic “is placing huge pressures on the administration of pension schemes”.

  • News

    Covid-19: Disruption for DC schemes; social impact woes

    2020-03-27T00:00:00Z

    While defined contribution trustees are being warned they could be facing more disruption than just investment volatility, institutional investors are calling on companies to mitigate the coronavirus social impact. At the same time, risks of cybersecurity and fraud are on the rise. Read our round-up of pensions and finance news about the coronavirus outbreak.

  • News

    New guidance for joint GMP rectification and equalisation

    2020-03-17T00:00:00Z

    On the go: Pension schemes considering combining their guaranteed minimum pension rectification and equalisation projects can now follow new guidance published by the cross-industry GMP Equalisation Working Group.

  • News

    TPR alerts trustees for contingency planning amid Covid-19 fears

    2020-03-12T00:00:00Z

    On the go: The Pensions Regulator has reminded trustees of the need for appropriate monitoring and contingency planning to be able to continue to run their schemes amid a coronavirus outbreak.

  • Podcasts

    Podcast: Regulator should take ‘softly-softly’ approach to DC consolidation

    2020-02-19T00:00:00Z

    Podcast: The Pensions Regulator should take a “softly-softly” approach to defined contribution consolidation, similar to what happened with master trusts during the authorisation process, where subtle conversations occurred and schemes decided to exit in an orderly manner, according to Adrian Boulding, director of policy at Now Pensions. He and Rosalind Connor, partner at Arc Pensions Law, discuss the response from the watchdog to its consultation of the future of trusteeship and governance, among other topics.

  • News

    TPR to test trustees’ knowledge in bid to improve governance

    2020-02-07T00:00:00Z

    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.

  • Opinion

    Positive momentum behind responsible investment

    2020-02-03T00:00:00Z

    Data Crunch: Broadridge’s Jonathan Libre looks at best practices from schemes’ implementing environmental, social and governance strategies and the challenges trustees face in this area.

  • News

    Third of schemes facilitating financial advice to members

    2019-12-11T00:00:00Z

    On the go: One-third (34 per cent) of defined benefit scheme trustees are facilitating financial advice for their members as they approach retirement, new research found.