All Trustees articles – Page 7
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OpinionThe rise of the trusteeship career
Independent Trustee Services’ executive chair Chris Martin analyses the recent changes in the pension scheme industry and how being a trustee can now be considered a career.
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NewsDWP begins engagement over multi-employer CDC schemes
Pensions minister Guy Opperman has confirmed that preliminary work has begun on the creation of multi-employer collective defined contribution schemes, as the Department for Work and Pensions publishes its response to the consultation on single-employer arrangements.
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NewsTPR urges trustees to ensure climate advisers have the right skills
On the go: The Pensions Regulator has warned that trustees must ensure their climate advisers are appropriately skilled and provide relevant and helpful advice.
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NewsIndustry concerns remain over anti-scam transfer restrictions
Almost half of schemes have more work to do to comply with new anti-scams transfer guidance, while nearly 10 per cent have “lots of work” to do, an XPS Pensions Group webinar has heard.
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NewsBT targets cash flow-matched strategy by 2034 with IRM
The BT Pension Scheme is using integrated risk management to assess its appropriate level of risk and pace its transition from equities to a fully cash flow-matched strategy by 2034.
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NewsClara Pensions to begin accepting transfers after TPR clearance
The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.
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NewsPension lawyers support superfunds as ‘Plan B’ for DB schemes
On the go: A large majority of pension lawyers believe that superfund transfers will become a strong consideration for defined benefit schemes with weak sponsors, as an alternative to the Pension Protection Fund or bulk annuity transactions, research has shown.
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NewsRegulatory burden prompts fears of trustee exodus
On the go: Three-quarters of employers fear the trustees of their pension schemes will consider resigning rather than face an “onslaught” of regulatory and legislative change, according to a survey from the Association of Consulting Actuaries.
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NewsPoor understanding of ‘company beliefs’ may hamper endgame plans
On the go: Defined benefit scheme endgame plans are threatened by a lack of understanding about “company beliefs”, according to Hymans Robertson, warning that trustees must ensure such beliefs are aligned with strategic pensions choices.
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NewsUniversities to face strike action over USS pensions dispute
Fifty-eight universities will be hit with three days of strike action in December after University and College Union members backed industrial action over pension cuts, pay and working conditions.
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NewsUSS points members to LifeSight master trust for drawdown services
On the go: The trustee of Universities Superannuation Scheme has decided to signpost its members to LifeSight – Willis Towers Watson’s defined contribution master trust – for drawdown provision.
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FeaturesUN goals can act as guide for schemes making societal impact
The UN’s Sustainable Development Goals list 17 ambitions to improve the lives of people globally, spanning matters of poverty, equality, environmentalism and health. Much of the focus of the SDGs is on the developing world, yet lessons can be taken from the ambitions and used to improve the lives of people in the UK.
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FeaturesOne in three schemes set climate risk reduction targets
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with an ACA survey finding that a third of pension schemes have already set targets to reduce climate risk, and asset management fees falling in some ESG and impact strategy types.
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NewsMitchells & Butlers trustees win ‘significant’ inflation court case
A decades-old rule change to the Mitchells & Butlers Pension Plan that shifted the authority in deciding pensions indexation should be rectified, a high court judge has ruled, in what has been described as “one of the most significant pension rectification cases in recent years”.
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NewsPASA launches data management controls guidance
On the go: The Pensions Administration Standards Association has launched its new data management controls guidance.
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NewsFormer TPR director served with summons over Section 75 debacle
On the go: Alan Pickering, formerly a non-executive director of the Pensions Regulator and former chair of Plumbing Pensions, has been added to the summons in an employer’s £256,000 claim against the scheme’s trustee over its mishandling of Section 75 debt.
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NewsTrustees given transfer halt powers
On the go: Pension fund trustees will be able to halt suspicious transfers from November 30, following new powers from the Pensions Regulator.
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NewsSupply chains – the missing link for investors on ‘S’
Institutional investors play an important role in helping portfolio companies improve their social credentials, but issues must not be moved up and down the supply chain.
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NewsUUK tries to dispel valuation myths as UCU presses on with strike action
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has argued that the rate increases facing USS members would not be alleviated by a new valuation, countering claims made by the University and College Union.
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NewsMassive retender exercise sees fiduciary manager fees drop
On the go:The Competition and Markets Authority order for schemes to run a fiduciary management tender exercise led to a 345 per cent increase in retenders in 2021, a process that saw a marked decline in fees, according to research from Isio.