All Trustees articles – Page 5
-
NewsPASA covers crossovers, tax and death benefits in GMP guidance
On the go: The Pensions Administration and Standards Association has launched guidance tacking frequently asked questions around guaranteed minimum pension equalisation, including tax implications, death benefits, commutation, and the ‘look-back’ approach for crossover members.
-
PodcastsPodcast: Natural capital can improve scheme returns but concerns remain
Podcast: Natural capital can improve scheme returns but trustees should not forget to consider their fiduciary duties of being able to pay pensions in the future and have a defensive investment strategy, argue Alina Donets, portfolio manager at Lombard Odier Investment Managers, and Stuart O’Brien, partner at Sackers.
-
NewsRegulator’s CDC plans risk strangling the sector at its birth
The Pensions Regulator’s draft code of practice for collective defined contribution schemes is unnecessarily strict and risks severely hampering growth in the sector, industry bodies have warned.
-
NewsPlumbing Pensions to use member funds to fight section 75 claims
The Court of Session in Edinburgh has granted Plumbing Pensions permission to use member funds to defend against legal claims from employers over its pursuit of section 75 liabilities.
-
OpinionSchemes need to pay attention to members’ sustainable demands
Scheme trustees may be conflicted between sustainability and fiduciary duty, but the public are not – they want sustainability to be front and centre, argues Carol McNaughton Nicholls, associate partner at BritainThinks.
-
NewsTPR’s web-based scheme return questions cause industry mayhem
Actuaries, trustees and consultants are disappointed with a new method introduced by the Pensions Regulator for scheme returns, pointing out that a web-based form with additional questions implemented this year has increased the risk of providing wrong information.
-
NewsTPR not ruling out ‘value for money’ league tables
On the go: The Pensions Regulator is considering league tables as a way of implementing a new value for money framework for pension schemes, though it is not “leaning towards” them at present.
-
NewsStrike suspended as schools and unions meet over teachers’ pensions
On the go: Unions have suspended plans for more strike action at 23 private schools to allow talks to take place over planned changes to teachers’ pensions.
-
NewsOpperman promises GMP conversion tax fix
On the go: Pensions minister Guy Opperman has clarified some of the provisions in a bill regarding guaranteed minimum pensions conversion, and pledged to work with HM Revenue & Customs on the tax implications.
-
NewsTPR publishes guidance for trustees on Pension Wise appointments
On the go: The Pensions Regulator has published new guidance for trustees who will be required to offer Pension Wise appointments for savers who want to access their defined contribution pensions.
-
NewsHigh Court resolves Merchant Navy ill-health pensions conundrum
The High Court has approved a settlement over ill-health benefits in the Merchant Navy Ratings Pension Fund, which will see members compensated via lump sum arrears and increased pensions to those who had not been treated in accordance with scheme rules.
-
NewsPLSA calls on companies to improve ESG disclosures
On the go: The Pensions and Lifetime Savings Association is calling on companies to improve their disclosures on climate change, executive remuneration and diversity, as it updates its Stewardship and Voting Guidelines.
-
NewsTPR publishes example to help trustees with new ESG duties
On the go: The Pensions Regulator has published an illustrative example to help trustees and advisers comply with their environmental, social and governance duties, as it revealed it will start contacting schemes that are now in the scope of the new regulations.
-
NewsPrivate schools offer olive branch over teachers’ pension strikes
The Girl’s Day School Trust has made a new offer to teachers striking over plans to withdraw from the Teachers’ Pension Scheme, but unions have branded the proposal “very disappointing”.
-
NewsTrustees still conflicted between fiduciary duties and ESG goals
The desire to play a part in saving the planet is seen by some trustees as conflicted with the primary goal of delivering financially for investors.
-
NewsBuck launches ‘gap analysis’ governance solution
On the go: Buck has launched a new “gap analysis” governance tool designed to help schemes navigate the Pensions Regulator’s forthcoming combined code of practice.
-
NewsUniversities reject union’s USS valuation solution
Employers have rejected proposals from the University and College Union to end the impasse over the Universities Superannuation Scheme’s 2020 valuation, while yet more institutions have seen staff walk out on strike.
-
NewsBuck completes first ‘standalone’ GMP equalisation project
On the go: Buck claims it has completed the industry’s first ‘standalone’ guaranteed minimum pension equalisation project.
-
NewsLecturers strike again over USS benefit cuts
On the go: Staff at 44 institutions are to walk out once again over planned benefit cuts to the Universities Superannuation Scheme.
-
NewsEmployers and union at loggerheads as USS deadline looms
Employer representatives have again criticised the University and College Union as the deadline for avoiding “unaffordable” contribution rate hikes in the Universities Superannuation Scheme approaches.