Conflict of interest could lead to a sub-optimal service for DB schemes and their members
Donny Hay asks how trustees can manage ‘own product’ recommendation conflicts
Professional Pensions rounds up expert views on what’s ahead
Willis Towers Watson governance guide also suggests flexible resources and technology
Governance issues can directly impact the outcomes and value for money experienced by defined benefit (DB) scheme members, according to a paper from the Society of Pension Professionals (SPP).
Pension scheme trustees are relying too much on their advisers to give a holistic view of any governance challenges their scheme may be facing, says RSM.
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.
Local government funds should ditch prescribed governance models and move instead towards an outcomes-based approach with minimum standards, a report has proposed.
A large number of pension schemes are falling short of The Pensions Regulator's (TPR) governance and trusteeship expectations, according to research by XPS Pensions.
In the first of a series of exclusive articles for Professional Pensions, TPR's David Fair's explores the role of sole trustees, outlines some of the regulators' concerns and calls for evidence from the industry.