Schemes may have had a trustee board structure in place for 50 years, but is it really ticking all the governance boxes in the current – and increasingly onerous – regulatory environment, asks Karen Parry.
Governance has always been a central tenet of defined benefit (DB) schemes, but there simply isn't the time any more to let things run their course and hope that everything turns out alright on the night....
The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.
Seven bodies with responsibility for protecting UK pension savers’ pots have joined forces to create an information guide to reassure scheme members amid concern about the impact of the Covid-19 crisis on financial wellbeing in the UK.
Pension scheme trustees could find themselves with a better seat at the table during a corporate restructuring under government proposals presented to parliament last week.
Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.