Tag Archives: trustees

Are IGCs and Trustees worth it?

      The best test of the value of an IGC or an occupational trust board is to imagine how things would work without one. Before 2015, insurers ran workplace pensions for multiple employers using the bald trust of … Continue reading

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Trustees and transfers

Jo Cumbo’s article in Pensions Expert on contingent charging takes a dim view of trustee behaviour to date. Her idea that advice to stay in a DB scheme could be paid for by docking the original pension has got some … Continue reading

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The conflicts of interest facing pension trustees

  Robin Powell of the Evidenced Based Investor, interviewed me this week. You can find the original interview here, Robin’s work is important, I hope a few readers will come to his seminar- advertised at the bottom of this piece. … Continue reading

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Are you the Trustee Chair of a DC pension scheme?

  Facing up to your new duties? If so, you’ll be aware that the DWP have been writing you rules (and the Pensions Regulator enforcing them). Since 2016 you have written an annual chair statement and you will now have to … Continue reading

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Fund managers that plead ignorance- display indolence.

    “Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds’ March year-end statements, according to Lane Clark & Peacock (LCP) research”. (Professional Pensions) Hiring an asset … Continue reading

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Time for workplace pensions to raise their game! Invest responsibly or lose our trust!

Here are some sad truths about the way that auto-enrolment workplace pension providers manage your money. Recent research by Ignite UK suggests that we expect fund managers to manage responsibly. If this is the case, people are not having their … Continue reading

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What now for the new BSPS and its members?

I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading

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Let’s stop pretending guidance is enough.

News that the Government has thrown out proposals for compulsory guidance to protect us from ourselves comes as no surprise to me , though it has clearly angered Ros Altmann. Writing on her blog, the former Pensions Minister writes of  the … Continue reading

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To Belfast with love

I’m off to Belfast today to talk with Brian Spence and the Dalriada trustees. They’ve been billed the Regulator’s Rottweiler and I didn’t do much for their brand by dubbing them “Rentokil”. My day-out is partly to build commercial links … Continue reading

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Is NOW the time to transfer out?

I was talking last night to a senior financial journalist about NOW pensions. In the catalogue of actions that the Pensions Regulator can call upon, insisting on the inclusion of Dalriada Trustees, is perhaps the most alarming. Dalriada is a … Continue reading

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