Admin / Technology

Almost all defined benefit (DB) trustees show excellent understanding of financial concepts, but most boards lack diversity.

Darren Philp looks at what needs to happen to make the pensions dashboard a success

Schemes can improve their governance by putting more member-nominated trustees (MNTs) on their board, according to the Association of Member-Nominated Trustees.

Trustees are being urged to use quarterly meetings to set their administration priorities and scrutinise providers.

The money smaller schemes pay in actuarial fees is going further on a like-for-like basis, research from KGC Associates finds.

The ABI is charging too high fees for providers to take part in the pension dashboard and it would alienate smaller firms, the industry has said.

Administrators have a moral duty to ensure transfers are done correctly and take an assertive stance against scammers, according to an administration manager.

There are too high expectations on the pension dashboard to solve a lot of problems in the UK's fragmented system, says Gregg McClymont.

17 providers already involved

There has been a spike in requests for DB transfers following the pension freedoms and higher transfer values. Michael Klimes looks at how the industry is coping.