Pension scheme investments – Same destination – different route

Trustees and sponsors of pension schemes are encouraged to work together for the benefit of all stakeholders, and that includes the members. The first principle of the Funding Defined Benefits Code 3 from the Pensions Regulator states “Working collaboratively:...

What does DC Governance look like?

This is the ‘how long is a piece of string’ question. There is no right answer because just like defined benefit schemes, trustee based defined contributions schemes are different. They have employers with different reasons for having the scheme in place, different...

Fiduciary investment management – why shouldn’t we?

There have been a number of articles and suchlike about Fiduciary Management and pension trustees lately. The Aon Fiduciary Management Survey 2015 being the latest to hit the in-boxes of trustees and their advisers. We thought that rather than ‘Why should trustees...

Why administration needs to be taken seriously by trustees

I declare an interest here, my background is administration. A long time ago, in a company that became Mercers took a punt on a twenty something with no pensions experience and trained him up. From this, I made my living from making sure that the right person is paid...

The story of an Integrated Risk Management tool

In the brave new world of the revised TPR Code 3 funding defined benefits the phrase ‘Integrated Risk Management’ appears. Furthermore, our friends in Brighton go on to explain to Trustees that ‘Accepting appropriate risk can significantly help to minimise any adverse...