Category Archives: trustee

The mess we’re in (pt.1) and how we got here.

Iain  Clacher and Con Keating Since their heyday in the 1990s, UK occupational DB schemes have been winding up at a rate of about one every two days. Their replacement, DC schemes, are a poor substitute; they are tax-advantaged savings … Continue reading

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The FCA bans contingent charging on transfers – 7,700 steelmen to be written to

Here is the decision taken by the FCA on how advice is charged for on DB transfers. It is precisely the position that I had hoped for and will ensure that DB schemes will continue to provide pensions to many … Continue reading

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Invest to change the world! #plsainvest20

  Investment has a PR problem. We do not aspire to be investors (no matter what Sid said). Indeed we (as in those who don’t normally go to investment conferences) think investment people arrogant, aloof and often downright crooked. A … Continue reading

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Are you a Betamax or VHS Trustee?

Which will be the VHS accreditation and which will be Betamax?#pensions https://t.co/6x1VADbb4C — Mike Harrison (@HigherEdActuary) February 13, 2020 It’s been an interesting week for pension trustees. It began with an announcement from the Pensions Regulator that it was not … Continue reading

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Are small DC pension schemes in the member interest?

Trustees vote for their own demise There hasn’t been much comment on social media about the Pension Regulator’s consultation response on the future of trusteeship. This is in marked contrast to what TPR reports as a record 114 written responses … Continue reading

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Do we have to be told to save our planet?

Do we have to be told? Share Action’s Master Trust survey starts with the question “IS REGULATION ENOUGH?” and through the 26 pages of Lauren Peacock’s survey that remains the key question. But there are secondary questions… Can we trust … Continue reading

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Are DC trustees worth the money?

  It seems churlish to take up your Monday morning with matters of pensions governance, what with the cheers at Lords, Silverstone and Wimbledon sill ringing round the country but I will! My blog yesterday set out the case for … Continue reading

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Where are the millennials on trustee and IGC boards?

I enjoyed the passion of Jennifer Lopes, a South African millennial who responded to my blog yesterday on the DWP’s new stance on responsible investment. This is fantastic. Many Funds here in South Africa are turning to more green investing … Continue reading

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Taking one for transparency!

My colleagues at First Actuarial will hate me for it – but I accepted an award from Mr Transparency – Andy Agethangelou, at the Transparency Task Force’s Auto-Enrolment event yesterday afternoon. The point was that 30 people got together with … Continue reading

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The democratisation of risk?

I can’t say I’d heard this phrase before Bruce Porteous of Aberdeen introduced it into conversation at yesterday’s Westminster Business Forum. The only reference I can find to it on the web is a sneering jibe at “Cowboys in Superland” … Continue reading

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