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 sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry
A second pensions bill is likely during the “life of this parliament”, according to pensions and financial inclusion minister Guy Opperman.