All Trustees articles – Page 34
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News
Defence schemes 'future-proof' MNT governance
The Selex and AgustaWestland pension schemes have reformed their member-nominated trustee election processes to safeguard decision-making continuity for their beneficiaries.
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News
How the OFT report affects your scheme
The Association of British Insurers will audit contract and bundled schemes at risk of being poor value for members, following the Office of Fair Trading’s investigation into the market.
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Opinion
Editorial: Embracing apathy
This year’s eight annual Leadership of Pensions Summit left in its wake quite a few lessons, and some surprises too, about how pension schemes and policymakers are meeting today’s industry challenges.
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News
Tesco ramps up in-house investment governance
Tesco Pension Fund chose to follow its internal investment team’s advice over that of its consultant when choosing an alternative fund, reflecting how large schemes are moving investment governance in-house.
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Opinion
Diversity of thought needed on trustee boards
To achieve optimal board diversification, distinct ways of thinking should be sought first and foremost, argues The Pensions Trust’s Sarah Smart in the latest Informed Comment.
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News
Sponsors driving fid man switch to reduce risk
Employers have more influence on the decision to introduce fiduciary management than other investment decisions, experts have said, as a recent survey shows more schemes are looking to increase delegation.
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News
How to protect your scheme against payment errors
News analysis: Legal experts have warned that schemes and employers could face paying out large sums to members due to incorrect pension estimates, with requests for advice on the issue increasing.
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News
Fidelity appoints PTL for mastertrust governance
Fidelity Worldwide Investment has appointed PTL as the professional trustee of its mastertrust in a move that will see the governance of the scheme run independently, as employers look to manage potential conflicts of interest in the structure.
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Opinion
Why trustees should be paid, and how much
Spence & Partners’ Marian Elliott analyses the growing burden of the trustee role, and argues that those willing to take it up should be paid, in the latest edition of Informed Comment.
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Opinion
How to build the ideal trustee board for members
Independent Trustee Services’ Peter Askins considers how schemes can build the perfect trustee board to suit their membership, in this edition of Technical View.
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OpinionHow to avoid a £250,000 data protection fine
Schemes and employers should know their obligations when it comes to looking after member information, but legal experts have warned that without proper consideration it could be easy to fall foul of data protection rules.
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Features
Diageo scraps MND tenure limit to retain talent
Diageo Pension Scheme has scrapped the time limit on the service of its member-nominated directors to avoid a talent drain, as schemes balance members’ democratic rights with continuity in decision-making.
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FeaturesRoyal Mail and M&S trim trustees to reflect membership
The Royal Mail and Marks & Spencer pension schemes have reduced the size of their trustee boards to ensure they are more representative of their membership.
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Features
IBM cuts quarter of trustees to ‘align’ with industry
Following IBM’s decision to reduce the number of trustees to sit on its pension scheme board, Anna Lyudvig looks for the perfect number.
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Features
How to avoid member complaints over RPI-CPI switch
TLT head of pensions Sasha Butterworth assesses how schemes can ensure a smooth transition from RPI to CPI.
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FeaturesWembley scheme saves £3m at High Court
The Wembley pension scheme saved £3m by pursuing a court decision to uphold an amendment on indexation. Ian Smith and Pippa Stephens look at how other schemes can profit from the decision.
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FeaturesBBC election safeguards deter unsuitable MNTs
As the BBC scheme conducts its latest election for a member-nominated trustee, Wayne Grady looks at how the process reduces administration risk by making clear to candidates their accountability in office before allowing them to stand.
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Features
Why 83% of Arup members make max contributions
Since setting up a contract-based DC scheme last year, Arup has seen 83% of its members make maximum contributions. Owen Walker discovershow.
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FeaturesHow local authority schemes manage political risk
Following the loss of West Yorkshire Pension Fund’s chair at this month’s council elections, a number of local authority schemes outline what steps they take to ensure board continuity.
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Features
Improve member knowledge, regulator warns on DC
Defined contribution schemes risk punishment by the Pensions Regulator if they fail to tell members the impact of contributions on their retirement. Ian Smith looks at how DHL and others are meeting the challenge.