All Trustees articles – Page 25
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News
TPR fines airline's scheme for failing to get accounts audited on time
Four trustees of the Pakistan International Airlines Retirement and Death Benefits Plan have been fined £500 each for failing to get accounts audited on time for two years in a row.
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News
Box Clever trustees under scrutiny for scheme setup decisions
The trustees of failed TV rental business Box Clever’s defined benefit pension scheme have come under scrutiny for their decisions involving the fund’s setup, as part of an Upper Tribunal hearing on the company’s collapse.
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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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OpinionIs an employer-sponsored financial adviser right for your members?
Mercer’s Vito Faircloth discusses the advantages of an employer-sponsored financial adviser for pension scheme members.
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News
GKN trustees say hostile takeover must respect pension obligations
Trustees of GKN’s pension schemes have stressed that any potential buyer of the company, which rejected an unsolicited takeover approach from Melrose Industries last week, should be aware of the scheme’s recent funding positions.
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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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OpinionHow to ensure your MNT selection process is right for your scheme
There is no one-size-fits-all approach to selecting member-nominated trustees, says Ruth Bamforth at Walker Morris.
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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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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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OpinionShould your DC scheme move to a master trust?
The decision to move a defined contribution scheme to a master trust all depends on an employer’s priorities and philosophy, according to John Wilson and Stephen Coates at JLT Employee Benefits.
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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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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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Opinion
How pension schemes allocate to EMD
The benefit of pursuing diversification and long-term risk-adjusted return opportunities is widely known.
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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.
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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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Opinion
How do you pick a good pensions manager?
Any Other Business: From supervising providers and monitoring scheme performance to managing key relationships, the modern day pensions manager is now the ultimate multitasker. So how easy is it to find the perfect candidate?