Governance

Tough action on Local Government Pension Scheme (LGPS) costs could save taxpayers £1bn and avoid a "death spiral" for the scheme, the Centre for Policy Studies (CPS) says.

Trusteeship in the UK is much more structured and rigorously regulated than in the US but takes longer to get to grips with, according to Prudential Fixed Income head of liability-driven investment (LDI) Gary Knapp.

Over two-fifths of schemes never review the performance of their trustees, a Premier survey has found.

Naomi Rainey finds fiduciary duty, long-term investment and DC contract provision fall under the microscope

Tobacco investment is a "big example" of conflicts of interest in local authority pensions, Department for Communities and Local Government (DCLG) official Bob Holloway says.

This week respondents chose the noble elephant as their preferred pensions industry mascot.

Almost seven in 10 contributors said there is a governance gap between contract- and trust-based schemes.

Contract-based governance committees will have powers to request action and refer non-compliance to the Financial Conduct Authority (FCA), the Office of Fair Trading (OFT) says.

L&G’s Adrian Boulding explains the direction of travel for DC standards

Around eight in ten pension professionals believe good scheme governance cuts long-term costs, despite governance practices themselves becoming more expensive, according to a report from eShare.