All Trustees articles – Page 25
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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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OpinionAdmit mistakes and encourage discussion to prevent repetition
Sean Burnard from Law Debenture Pension Trustees explains how creating a learning culture, seeking diverse opinions and carrying out premortems can help trustees avoid making new mistakes or repeating old ones.
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News
Trustees with fid man less likely to check quality of service
Trustees employing fiduciary managers are less engaged in assessing the quality of their provider than those with a traditional investment consultancy relationship, the latest report from the Competition and Markets Authority has found.
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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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OpinionHow to oversee a fiduciary manager for your scheme
Rachel Croft at Independent Trustee Services discusses the key steps for trustees to take when it comes to effectively overseeing a fiduciary manager.
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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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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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Opinion
How 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.