Pensions Management Institute
Five stories you may have missed this week
This week’s top stories included the passing of the Pension Schemes Bill in the House of Commons at the second reading. Also, Willis Towers Watson claimed that collective defined contribution pensions could average significantly higher than either defined...
PMI appoints Lesley Alexander as president
The Pensions Management Institute (PMI) has elected Lesley Alexander as president.
Celebrating 25 years of Professional Pensions
Lesley Carline says a lot has happened over the past 25 years in the industry but, despite the negatives, she remains positive about pensions
PMI Student Essay Competition: Could Covid-19 lead the industry to focus more on its employees?
Willis Tower Watson analyst Jennifer Harrison was the winner of the PMI's fourth student essay competition. In her paper, she looks at the way Covid-19 has changed the way people and companies in the industry work and asks whether these changes will become...
Industry raises significant concerns over FCA consultation on advising on pension transfers
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
PMI reports itself to ICO after hacker attack leads to data breach
The Pensions Management Institute (PMI) has reported itself to the Information Commissioner’s Office following a cyber-attack which resulted in hackers gaining access to the names and email addresses of around 1,700 people.
PMI launches financial education and guidance service
The Pensions Management Institute (PMI) has launched a financial education and guidance service supported by Wealth At Work.
Five stories you may have missed this week
This week’s top stories included auditor KPMG confirming it is considering reducing pension contributions for 20% of staff amid the ongoing impacts of the coronavirus pandemic. Also, MPs hit out at HM Revenue & Customs over the benefits of pensions tax...
Nine professional trustees achieve PMI accreditation
Nine trustees have now been given the stamp of approval by the Pensions Management Institute (PMI) under its professional trustee accreditation regime.
ABI calls for overhaul of pensions tax relief; Industry says change will be 'far from easy'
The UK’s system of pensions tax relief needs to be overhauled to make it fairer to the lower paid and younger savers, the Association of British Insurers (ABI) says.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Provisional accreditation 'screens out bad eggs' and does not subvert standards, says Dalriada
Provisional accreditation of professional trustees is necessary to ensure the speedy removal of “unscrupulous individuals”, Dalriada Trustees has said in defence of the process.
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.
'Provisional' trustee accreditation has no validity and creates confusion, warns PMI
Professional trustees claiming to have “provisional” trustee accreditation are creating confusion in the market and are undermining the whole process, the Pensions Management Institute (PMI) has warned.
Beware those who are subverting professional trustee standards
Alan Whalley says professional trustee claims of “provisional” accreditations are undermining the process and creating confusion in the market.
Exclusive: APPT announces its first 14 accredited trustees
The Association of Professional Pension Trustees (APPT) has announced the first 14 trustees to have received accreditation after completing its programme.
APPT to offer provisional trustee accreditation amid Covid-19 delays
The Association of Professional Pension Trustees (APPT) has announced it will allow professional trustees to become provisionally accredited in light of delays caused by Covid-19.
Gareth Tancred: Enhancing the PMI's presence and value proposition
PMI chief executive Gareth Tancred tells James Phillips about progressing its five-year plan and redesigning the organisation amid the Covid-19 challenge
Legislation is holding back chair's statements
Maggie Williams looks at whether chair's statements are having the desired effects, and what lies in their future.
Maps flags Covid-19 implications for pensions dashboard launch
The Money and Pensions Service (Maps) has published its first full report on progress on the pensions dashboard so far and has flagged “significant” delivery challenges in the face of the coronavirus pandemic.
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.
Improving standards with pension trusteeship
Voluntary accreditation of professional trustees will act as a quality mark and drive up scheme governance standards, argues Lesley Carline.
Industry 'shoots itself in foot' with two trustee accreditation regimes
The industry has rejected the need for multiple professional trustee accreditation regimes after the Pensions Management Institute and Association of Professional Pension Trustees launched rival frameworks.
Eight industry bodies go public with clause 107 drafting concerns
Trustees and their advisers could be “criminalised for doing the right thing” and left “fearful of acting” if Pension Schemes Bill wording is not amended, the Joint Industry Forum (JIF) says.