All Trustees articles – Page 8
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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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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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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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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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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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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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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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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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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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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.
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NewsUSS says High Court challenge has ‘no merit’
On the go: The Universities Superannuation Scheme has said that a wide-ranging legal challenge recently brought to the High Court by university academics has “absolutely no merit”.
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People NewsObituary: David Weeks
Former co-chair of the Association of Member Nominated Trustees David Weeks has died of cancer.
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NewsDaily Mail owner nears £400m pension deal amid takeover
On the go: A potential takeover deal of the Daily Mail and General Trust by the Rothermeres would see a sum of approximately £400m being injected into the publisher’s pension schemes, DMGT has announced.
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NewsUCU considers legal action against USS and calls for valuation pause
The University and College Union’s general secretary has written to the Universities Superannuation Scheme’s chief executive outlining the potential for legal action against the scheme’s trustees and has called for a pause in the 2020 valuation process.
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NewsTPR’s chair to lead investment benchmark tool for schemes
On the go: Asset management consultancy MJ Hudson has announced the creation of an investment decision-making tool for pension schemes, which will be headed by the Pensions Regulator chair Sarah Smart.
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NewsSaul to create ‘feeder’ DC scheme for new members
The Superannuation Arrangement of the University of London is set to create a new “feeder” defined contribution pension scheme as it undertakes a review of its investment strategy.
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OpinionIs real estate a good inflation hedge for pension schemes?
With inflation hikes presenting an added risk to defined benefit schemes, some assets in the real estate market can provide a protection to the surge in prices, writes Paul Stewart, head of European research and strategy at Barings Real Estate.
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NewsTPR to tighten supervision to steer schemes’ climate response
The Pensions Regulator is aiming to set “clear expectations” of what it wants to see from pension schemes, while increasing supervision ahead of the new requirements to comply with environmental, social and governance legislation under the Pension Schemes Act 2021.
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NewsBudget 2021: Sunak announces further changes to DC charge cap
Chancellor of the exchequer Rishi Sunak announced on Wednesday that the government will consult “within the next month” on further changes to the charge cap intended to encourage more investment in illiquid assets by defined contribution schemes. But experts have said this is “missing the point”.