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      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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Independent Governance Committee

Engage now on investment pathways to avoid February stand-off, IGCs warned
Engage now on investment pathways to avoid February stand-off, IGCs warned

Providers are failing to engage early with their independent governance committees (IGCs) over the rollout of investment pathways despite the looming 1 February deadline, they have been warned.

  • Defined Contribution
  • 02 November 2020
Vanguard appoints IGC to oversee personal pension investment pathways
Vanguard appoints IGC to oversee personal pension investment pathways

Vanguard has appointed an independent governance committee (IGC) to oversee the implementation of investment pathways for non-advised self-investment personal pension (SIPP) drawdown users.

  • Industry
  • 05 October 2020
Hargreaves Lansdown appoints three IGC members
Hargreaves Lansdown appoints three IGC members

Hargreaves Lansdown has appointed three new members to its independent governance committee (IGC).

  • Appointments
  • 23 September 2020
EValue launches investment pathway solutions
EValue launches investment pathway solutions

EValue has launched a range of investment pathway solutions ahead of the implementation deadline next February.

  • Defined Contribution
  • 03 August 2020
Scottish Widows publishes IGC report
Scottish Widows publishes IGC report

Scottish Widows’ independent governance committee (IGC) has published its annual chairman’s report – giving the provider a good value for money rating for its modern products but suggesting improvements, particularly for the firm’s legacy offerings.

  • Defined Contribution
  • 07 April 2020
Standard Life and Zurich unveil IGC reports
Standard Life and Zurich unveil IGC reports

Standard Life and Zurich have published their latest independent governance committee (IGC) reports – posting overall green and amber value-for-money assessments respectively.

  • Defined Contribution
  • 06 April 2020
FCA Pension Plan slashes deficit by 28%
FCA Pension Plan slashes deficit by 28%

The deficit in the Financial Conduct Authority's (FCA) defined benefit (DB) scheme fell by £32.3m over the course of the year to 31 March this year, the watchdog has revealed.

  • Defined Benefit
  • 10 July 2019
Underperformance causes drop in Royal London IGC's investment rating
Underperformance causes drop in Royal London IGC's investment rating

Royal London's independent governance committee (IGC) has downgraded its rating for appropriate investment returns after all default funds caused a fall in pot values.

  • Defined Contribution
  • 27 March 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.

  • Industry
  • 01 March 2019
IGCs face stronger ESG reporting duties under FCA plans
IGCs face stronger ESG reporting duties under FCA plans

Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.

  • Defined Contribution
  • 15 October 2018
Steve Goddard: Why the 'dartboard drawdown' option must be removed
Steve Goddard: Why the 'dartboard drawdown' option must be removed

Savers face a huge number of options at-retirement. Steve Goddard believes this 'dartboard of choice' should be take away and an additional layer of trustee governance is needed to protect members in the deculmulation phase

  • Defined Contribution
  • 01 October 2018
Ex-FCA advice director Linda Woodall joins Aegon
Ex-FCA advice director Linda Woodall joins Aegon

Former Financial Conduct Authority (FCA) life insurance and financial advice director Linda Woodall has been appointed to Aegon's independent governance committee (IGC).

  • Appointments
  • 09 May 2018
Pre-1997 benefits should not have statutory inflation protection, say half of respondents
Pre-1997 benefits should not have statutory inflation protection, say half of respondents

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

  • Defined Benefit
  • 12 April 2018
FCA mulls expanding IGC remit with social investing duties
FCA mulls expanding IGC remit with social investing duties

Independent governance committees (IGCs) may see their remit expanded to include reporting on social investing issues under Financial Conduct Authority (FCA) plans unveiled in its business plan today.

  • Law and Regulation
  • 09 April 2018
Have your say: Is TPR right to name and shame non-compliant schemes?
Have your say: Is TPR right to name and shame non-compliant schemes?

In this week's Pensions Buzz, we want to know if The Pensions Regulator (TPR) is taking the right approach by naming and shaming schemes which breach their auto-enrolment (AE) duties.

  • Industry
  • 20 February 2018
How IGC reports are not living up to their purpose
How IGC reports are not living up to their purpose

An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings

  • Defined Contribution
  • 17 February 2018
Costs and charges slashed for £25bn of DC accounts
Costs and charges slashed for £25bn of DC accounts

Defined contribution (DC) savers face lower costs and charges after providers made a concerted effort to reduce these to less than 1% over the past two years.

  • Defined Contribution
  • 06 December 2017
How DC fund charges will become more transparent
How DC fund charges will become more transparent

From 3 January next year, firms looking after DC members' money will need to comply with new disclosure requirements. James Phillips reports.

  • Law and Regulation
  • 20 September 2017
PB UK: Build diversity on trustee boards from the grassroots
PB UK: Build diversity on trustee boards from the grassroots

The industry should look to encourage diversity and appointment of young trustees through recruitment at the grassroots according to a panel of trustees at Pensions and Benefits UK.

  • Defined Benefit
  • 29 June 2017
LISA needs IGC model to ensure appropriate investments
LISA needs IGC model to ensure appropriate investments

The lifetime ISA (LISA) needs an independent governance mechanism to ensure savers' money is invested appropriately, PTL has argued.

  • Law and Regulation
  • 27 January 2017
Has the FCA found the right solution for hidden transaction costs?
Has the FCA found the right solution for hidden transaction costs?

As the FCA closes its consultation on improving transparency of costs and charges in pension schemes, James Phillips asks the industry whether the watchdog has the right solution.

  • Defined Contribution
  • 06 January 2017
Royal London hires deputy group finance director
Royal London hires deputy group finance director

Andrea Montague has been hired to the new role of deputy group finance director at Royal London.

  • Appointments
  • 09 November 2016
More workers on boards would not improve pension coverage
More workers on boards would not improve pension coverage

Most respondents to this week's Pensions Buzz do not believe more workers on company boards would improve pension coverage.

  • Industry
  • 04 November 2016
IGCs team up to study members' views on value for money
IGCs team up to study members' views on value for money

Independent Governance Committees (IGCs) have joined forces to better understand what value for money means for scheme members.

  • Defined Contribution
  • 27 September 2016
12

Most read

Trustees will need to be corporate finance experts under new TPR powers
Trustees will need to be corporate finance experts under new TPR powers
Livingbridge sells Broadstone to Intermediate Capital Group
Livingbridge sells Broadstone to Intermediate Capital Group
LGPS to become negative cashflow 'by 2024'
LGPS to become negative cashflow 'by 2024'
Pension Schemes Bill set for final debate next week
Pension Schemes Bill set for final debate next week
Aegon commits to net-zero default funds by 2050
Aegon commits to net-zero default funds by 2050
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