Dalriada Trustees
PP Monthly Digest: March 2021
Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.
Five stories you may have missed this week
This week’s top stories include Axa’s deferred longevity swap with Hannover Re, and Capita’s restructuring plans for simplifying the business.
Asset managers keeping trustees in the dark on holding companies to account
Trustees are being kept in the dark by asset managers on how they oversee the investments, research from Dalriada Trustees shows.
Be ready for sponsor distress, TPR tells trustees in fresh guidance
Trustees must know the signs of sponsor distress and be prepared to act quickly as the “first line of defence” for savers, The Pensions Regulator (TPR) has warned.
A post-war approach to inflation?
Supply will need to be rebuilt following the forced shutdown, potentially pushing up inflation and reasserting the need for adequate hedges, writes James Phillips
Dalriada appoints Keith Hinds as professional trustee
Keith Hinds has been appointed by Dalriada Trustees as a professional trustee, joining from his head of pensions advisory role at Grant Thornton.
Industry backs climate risk disclosure proposals but raises implementation concerns
The industry has broadly backed proposals to require the largest schemes to publish climate risk disclosures but raised concerns about the workload of implementation as well as how to standardise the methodology used.
Provisional accreditation is a positive step, not a subversion of standards
As Covid-19 hampers efforts for professional trustees to complete necessary exams, Brian Spence defends the use of provisional accreditation.
Will Covid-19 undermine companies' ability to sponsor schemes?
Charlotte Moore looks at how the Covid-19 economic crisis will affect funding for schemes in differing amounts.
Government corporate insolvency proposals to give trustees greater say on restructurings
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.
PPF names 11 firms to trustee and support services panel
The Pension Protection Fund (PPF) has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
Sanctions should not deter advisers from their work
With great power comes great responsibility, Vassos Vassou says, as he welcomes the Pension Schemes Bill’s drive to improve adviser accountability.
Covid-19: Your industry guide
The Pensions Management Institute has produced an industry guide to Covid-19.
No longer an excuse for equalisation delay
While HMRC guidance on GMP equalisation contains both good and bad news for schemes, it does allow them to get going on the process, says John Wilson.
How professional trustees are meeting the challenge of a new decade
Jonathan Stapleton speaks to eight senior professional trustees about accreditation, diversity and the issues they face in their roles.
Five stories you may have missed this week
This week’s top stories included further calls for reforms of the pension freedoms, and prevailing uncertainty over cuts to tax relief on pension contributions.
Dalriada: Two regimes for professional trustees will 'undermine' benefits of accreditation
The launch of two accreditation regimes for professional trustees into the industry at the same time is both unnecessary and confusing, says Dalriada Trustees.
Getting Brexit done: What next for schemes?
The UK will leave the EU on 31 January, Professional Pensions’ expert advisory panel tells James Phillips what pension schemes should now be thinking about.
Don't forget to look both ways
Schemes must use January to both reflect on 2019 and plan for 2020, says Vassos Vassou.
How schemes should be acting after CMA review
As pension schemes grapple with new fiduciary management and investment consulting rules, Charlotte Moore asks what trustees need to do
PP Brexit Advisory Panel: Why schemes must prepare for all outcomes
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
How to improve gender diversity in pensions
More women are working in the industry but there is still a way to go, particularly at the senior level. In this roundtable, panellists discuss how to achieve a better gender balance
Pension negligence lands boss with seven-year ban
An insurance company director has been banned from company directorships after failing to keep adequate records and provide scheme members with up-to-date information.
Dalriada Trustees' Hugh Nolan: What trustees think of the CMA review
PP speaks to Dalriada Trustees' Hugh Nolan about his views on the CMA's review into the investment consultant and fiduciary management markets.
