All Trustees articles – Page 23
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News
Whitbread expected to plug deficit following Costa sale
Leisure group Whitbread is likely to fill the deficit in its defined benefit scheme after having agreed the sale of coffee chain Costa to drinks group Coca-Cola, according to Numis broker Tim Barrett.
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News
Regulator tells schemes to consider cutting transfer values
The Pensions Regulator asked the trustees of 14 defined benefit schemes to review their transfer processes and consider cutting transfer values for members considering cashing in their benefits.
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Opinion
New regulator powers will only accelerate DB disappearance
From the blog: The government has floated well-intentioned reforms intended to strengthen the arm of regulators against dodgy bosses, but the proposed changes risk undermining trustees and making further scheme closures more likely.
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Features
Trustees take more active approach towards transfers
Analysis: Since the introduction of freedom and choice in 2015, more and more savers have shown an interest in defined benefit transfers, so what are the main benefits and risks for schemes?
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Features
Bulk annuities: How should schemes approach the market?
Analysis: 2018 has been a very busy year so far for buy-ins and buyouts, with plenty of competition and attractive insurer pricing.
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News
Lookers merges defined benefit schemes
UK motor resale company Lookers has amalgamated two of its defined benefit pension schemes, as experts highlight the improved efficiency and cost savings associated with mergers.
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Opinion
What 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.
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News
BA wins appeal over discretionary increase
The trustees of the Airways Pension Scheme went beyond their remit in granting a 0.2 per cent discretionary increase to members’ pensions in 2013, the Court of Appeal has ruled.
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Opinion
To transition or not to transition, that is the question
Premier Pensions’ Girish Menezes explains what trustees should take into account when it comes to transitioning to a new administration provider.
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Opinion
Trustee negotiation need not always result in a winner and a loser
Edward Levy at Law Debenture Pension Trustees explains how to ensure effective trustee negotiation.
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Opinion
How to guide your pension fund through M&A activity
While M&A activity generally means uncertainty, trustees should be mindful that the scheme’s position may ultimately be improved by a deal, says Josiah Harris at Dalriada Trustees.
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Opinion
DC Debate Q2: Deferred annuities, retirement expectations and more
Five defined contribution experts talk about deferred annuity products, retirement expectations, and how the industry is adapting to people’s changing work patterns.
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Opinion
Deciding on the size of your trustee board
Focusing on the abilities of each individual on a trustee board is generally more important than worrying about the size of the board, says Rachel Croft at Independent Trustee Services.
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News
S&N scheme to review impact of pubs takeover
Trustees of the Scottish & Newcastle Pension Plan will be assessing the impact of a recent corporate acquisition made by the pension scheme’s parent company Heineken UK, as part of a full covenant review this year.
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Features
How should schemes appoint their MNTs?
Trustees are required under the Pensions Act 2004 to make sure that at least one-third of trustees, or at least one-third of directors of the trustee company, are nominated by the scheme membership. But what is the best way to appoint member-nominated trustees?
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Opinion
How can schemes assess employer covenant strength?
Darren Redmayne chuckles good-naturedly, at what must be the thousandth time a journalist has asked whether the FTSE 100’s recently revealed accounting surplus means their defined benefit pension problems have gone away.
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News
TPR levies first fine on professional trustee
On the go: The regulator has disclosed that it has imposed a £3,000 fine against a professional trustee for failing to update their scheme’s register with news of their appointment.
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Opinion
What are trustees’ responsibilities when it comes to DB transfers?
Trafalgar House’s Michael De Souza discusses pension scheme trustees’ main responsibilities with regard to defined benefit transfers.
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News
Rate of investment consultant tenders has plummeted, survey finds
Less than 3 per cent of pension schemes retendered for investment consulting services last year, compared to 18.6 per cent of schemes in 2008, according to research from selection specialists IC Select.
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Opinion
People trust people, not institutions
From the blog: Whether a pension fund is facing closure, or just suspending its website while investment options change, there are many reasons why a scheme might have to communicate tricky or delicate subjects.