Trustees
GMP equalisation working group publishes call to action
The Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published a call to action to assist schemes in the first stage of the process.
We need a new independent pensions commission, say Buzz respondents
Pensions Buzz peers agreed with pensions and financial inclusion minister Guy Opperman and former shadow chancellor Ed Balls that now might be the time for a fresh commission.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator launching a consultation on the future of trusteeship.
TPR launches consultation on future of trusteeship
The Pensions Regulator (TPR) has launched a consultation on scheme governance and trusteeship, urging "badly-run schemes" to improve or consolidate.
David Fairs: Why we're pushing schemes out of the market
The regulator is looking to accelerate the consolidation of pension schemes. David Fairs explains why.
How much trustee chairs are paid
Winmark and Barnett Waddingham have released the PensionChair Remuneration Report 2019. Kim Kaveh looks at the key trends.
TPR launches pilot to boost single-employer DC trust oversight
The Pensions Regulator (TPR) has launched a pilot to ensure single-employer defined contribution (DC) schemes are meeting their legal obligations and properly governing default arrangements.
Five priorities for trustees one year after GDPR
Sackers has set out key areas for trustees to focus on and keep high up on their agendas after the General Data Protection Regulation (GDPR) was introduced last year.
Putting governance at the top of the agenda
Elizabeth Bostock says the industry must move away from positioning governance as something to just satisfy the regulator
Delivering best-of-breed administration
Girish Menezes says there is a tried and tested solution already available in the market, and it is time for the rest of the industry to follow.
CTI launches long-awaited cost disclosure templates
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.
Should trustees be subject to maximum term limits?
Kim Kaveh asks if trustees should be subject to maximum term limits for a particular scheme, after a PP poll showed mixed views on the matter.
Trustees fear scheme members are ill-prepared for risks of accessing pension
Trustees fear their members are not equipped to deal with the risks they face when accessing their pension and worry those nearing retirement will face predatory attention from scammers, research by Wealth at Work reveals.
AMNT training validated for CPD certification
The Association of Member Nominated Trustees (AMNT) has announced its training programme has been accredited and it will now be able to issue Continuing Professional Development (CPD) certificates.
Trafalgar House launches administration self-assessment tool
Trafalgar House has launched a self-assessment tool on administration standards for trustees and pensions managers.
Fiduciary management as a governance solution
Industry Voice: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
Tomorrow's adviser: How to improve trustee meetings
A panel of industry professionals, led by Stephenson Harwood, discusses how the quarterly trustee meeting can be improved. James Phillips explores the suggestions
TPR cracks down on 'dishonest employers' to protect savings
The Pensions Regulator (TPR) used its enforcement powers more than 22,000 times in the final quarter of 2018, it has revealed.
Let's make discretionary increases fashionable again
Hilary Salt asks if it is legitimate for trustees who have a fiduciary duty to members to assume that surplus should only be spent on locking in to lower returns
Industry challenges force DB schemes to switch advisers
More than 60% of the largest UK pension funds have already changed or are in the process of switching their actuarial consultant, according to Barnett Waddingham research.
TPR bans two trustees for putting savers' money into suspected scam investments
Two men who put pension savers' money into "exotic, high risk and suspected scam investments" have been banned from being trustees by The Pensions Regulator (TPR).
Pension Awareness Day: Six tips for member engagement
Experts have called for trustees to improve pension communications using psychological and administrative techniques ahead of the fourth annual Pensions Awareness Day.
There is too much red tape in pensions, says industry
Nine in ten respondents said around 160,000 pages of legislation is too much
600 Group enters £201m buyout with PIC
Trustees of the 600 Group's defined benefit (DB) pension scheme have agreed to a £201m buyout with Pension Insurance Corporation (PIC).
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