Pension Funds Insider

Pension Funds Insider brings the latest pensions news and industry insights; from investment and governance updates to new mandate appointments and pensions regulatory information.

Trusteeship

Image for Why become a pension scheme trustee

Why become a pension scheme trustee

03 October 2019

Taking on the role of a trustee, is a significant responsibility. The decisions, trustees make will hugely influence member outcomes, ultimately impacting the lives of members currently in pension schemes.

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FinTech - What are the risks for pension funds?

13 September 2019

In this article from PASA, Girish Menezes details the risks of pension adminstration and key factors to consider when choosing a reliable administration partner.

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Image for Road signs and speed cameras - Member Emotions and Pension Communications

Road signs and speed cameras - Member Emotions and Pension Communications

04 September 2019

In this article form AHC, Francis Goss discusses the theory that emotions directly lead to behaviour, and how pension communication can learn from it. 

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Governance taking the spotlight on trustee agendas

02 August 2019

Trustees can expect to see increased focus on scheme governance over the coming months in light of two recent developments.

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Tax and pensions – communicating system efficiency

23 May 2019

Karen Partridge draws upon recent experiences to understand how communications can be presented to pension members in a straightforward, user friendly way.

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Web adoption in pension communications: separating fact from fiction

20 May 2019

When considering online pension communications, there is a tendency for trustees and sponsors to make assumptions about the preferences of different membership demographics. However, recent research proves that many common assumptions about certain age groups or industries aren’t entirely accurate.

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Three ways to manage the impact of cash flows on DB pension schemes

13 May 2019

Simon Hubbard takes us through the key points to consider when monitoring and managing a negative cashflow position.

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Which Mrs Wilson should receive the death lump sum benefit?

08 March 2019

Trustees should be prepared for the unexpected. Clare James explains the importance of exploring more than one avenue of information before making decisions.

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Will regulation improve pension administration standards?

15 February 2019

How does your pension administration compare within the universe of Artificial Intelligence, Biometrics and Block Chain? Would you say that the leverage of technology was rudimentary or fairly comprehensive? How would you even go about benchmarking it or mapping a path from where you are and where would you like to be? Would you be able to define your one, three and five year objectives?

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Is member communication really that important?

31 January 2019

It may seem an odd question from someone who works for a communications consultancy, but the New Year is a great time to ask some challenging questions. 

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Image for Consolidation…The possibilities and the practicalities

Consolidation…The possibilities and the practicalities

18 January 2019

Darren Wateridge discusses the benefits of consolidation and the steps schemes can make now.

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Pension administration – the courage to ask for more

11 January 2019

Working in UK pension administration is a bit like being stuck in a traffic jam. Everyone seems to be struggling to make progress, but one lane always seems to be moving faster...

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Image for Master trusts – let’s talk transitions

Master trusts – let’s talk transitions

04 January 2019

With Master Trust Authorisation in full swing and talk of as little as 20 or even 12 master trusts remaining when final Authorisations are in, it may seem odd to be thinking of transitions. Is it too late to be talking about it? Haven’t all the decisions been made?  

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Image for Consolidation – the future for defined benefit schemes?

Consolidation – the future for defined benefit schemes?

18 December 2018

With more DB schemes approaching maturity, and their sponsoring employers seeking to secure members’ benefits or to transfer risk, the DWP has published its latest consultation, setting out proposals for a new legislative framework for authorising and regulating defined benefit (DB) “superfund” consolidation vehicles

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Image for What should be on the agenda for Pension Managers and Trustees into 2019

What should be on the agenda for Pension Managers and Trustees into 2019

07 December 2018

PASAs Chris Tagg identifies the key issues facing trustees and pension fund managers now and in near future?

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Hidden talents. Hidden value.

05 November 2018

Richard Butcher shares his opinions on what the real value of transparent transaction cost data is. 

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Image for Retirement choices: a DC trustee responsibility?

Retirement choices: a DC trustee responsibility?

29 October 2018

Pensions freedoms have created a world of retirement choices for members since they were introduced in 2015. But where does this leave trustees of occupational DC schemes – Sackers ask, is it a DC trustee responsibility? 

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I want someone to help me

12 October 2018

Peter Nicholas explains how important it is to receive quality guidance and assistant at the right time.

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Where there’s blame, there’s often no claim

10 October 2018

When a pension scheme changes administrator, one universal truth applies: data issues and historical errors will be uncovered.  

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Image for Should trustees think more like corporates to get what they need?

Should trustees think more like corporates to get what they need?

14 September 2018

To do the best for members, Karein Davie asks if there are other tips that can be taken from the way that a corporate operates?

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Image for Switching from RPI – key considerations for trustees

Switching from RPI – key considerations for trustees

12 September 2018

From an employer’s perspective, switching from RPI to CPI as the basis for calculating pension increases might seem a relatively easy way to reduce a defined benefit pension scheme’s deficit. For trustees, there is more to think about than just the potential cost saving.

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Freedom, choice and equality

17 August 2018

Taylor Smith discusses the momentum that is gathering behind the Daily Mail campaign to allow people to commute annuities purchased before April 2015. 

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FOMO – and changing savings behaviour

16 August 2018

Peter Nicholas looks at interesting behaviours we all exhibit and discusses how we can use these in the retirement savings world.

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Reconciling our differences - GMP

25 July 2018

“Tens of thousands” of pension scheme members are being asked to return overpayments of pensions, PTL's Alison Bostock looks at the truths behind the headlines.

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Time to talk

05 July 2018

Kim Gubler introduces the new Trustee Administration Governance Checklist which is designed to help trustees when it comes to evidencing engagement with administrators.

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“Are you talking to me?”

21 June 2018

Peter Nicholas draws comparison from the movie 'Taxi Driver ' to highlight communication problems within the pensions industry. In this insightful piece Peter asks how the industry can translate important messages more effectively to all members.

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Old and new worlds meet

13 June 2018

Active membership of defined benefit (DB) pension schemes has fallen by just over one million in the past seven years, with most predictions forecasting that the remaining 12% of still-active private sector DB schemes will close before the end of the next seven. While the pace of closures appears to be slowing, the outcome remains inevitable.

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Climate change

07 June 2018

Practical tips and guidelines for trustees

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The deadline has passed

22 May 2018

Are trustees compliant?

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Clearer, quicker, tougher

21 May 2018

Clearer, quicker, tougher - why TPR's new mantra matters to you  

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Image for Is your member communication fit for purpose?

Is your member communication fit for purpose?

18 May 2018

PTL's Keith Lewis encourages providers and trustees to consider whether they can improve their communications to members. 

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GDPR: are you ready for new data regulations?

11 May 2018

What are the biggest issues you need to be aware of – and how should you tackle them? 

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Image for Changing administrators? Here are 5 top tips for a smooth transition

Changing administrators? Here are 5 top tips for a smooth transition

26 April 2018

Changing your pension administrator is a big deal. Let’s face it, most trustees are at least a little resistant to change given the complexity and perceived risk involved. Even with meticulous planning and research, plenty of headaches await should you fail to get it right. 

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Image for What does bowel cancer screening have to do with my pension?

What does bowel cancer screening have to do with my pension?

19 April 2018

It’s all a matter of communication.

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Image for Retirement planning: challenges for pension providers and retirees alike

Retirement planning: challenges for pension providers and retirees alike

13 April 2018

Today, pension providers like insurers and pension funds, face multiple challenges regarding pensions communication.

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Image for PPF Levy – Do you know the score?

PPF Levy – Do you know the score?

12 April 2018

Ahead of the PPF levy deadline Robert Palmer explains how checking your data is correct could save more than just money.

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“You’re fired”

29 March 2018

Alan Sugar has it easy. 

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Image for Fiduciary management: time someone else ran the day-to-day?

Fiduciary management: time someone else ran the day-to-day?

15 February 2018

As the investment backdrop gets increasingly demanding, trustees need to show they can meet the challenges of today’s pensions schemes. But with their time and resources often under pressure, outsourcing their scheme’s day-to-day running to a fiduciary manager – while still keeping overall control – could be the solution.  

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Image for The Seven Habits of highly effective Pension Trustees

The Seven Habits of highly effective Pension Trustees

15 February 2018

Deon Dreyer examines the best routes to take to become a great trustee

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Image for Why we must rethink our service to deferred members

Why we must rethink our service to deferred members

11 January 2018

PASA’s Geraldine Brassett encourages trustees not to wait for legislative change and to take steps to improve data records and communications with all members regardless of status.

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Image for Three things you need to do in 2018 to get to buy-out

Three things you need to do in 2018 to get to buy-out

05 January 2018

Top of the 2018 ‘to-do’ list for many DB trustees will be planning the process to achieve buy-out. But focusing on funding requirements alone could delay or derail the process if three key administration actions are not considered first.

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More change, not less

02 November 2017

Jenny Monger discusses the need for change as the real risk for schemes is accepting current administration standards and not taking that leap.

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New Chair announced for Pension and Lifetime Savings Association

01 June 2017

The Pensions and Lifetime Savings Association has announced Richard Butcher, PTL managing director, will become its new Chair.

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Image for BlackRock says pension schemes are making five key mistakes

BlackRock says pension schemes are making five key mistakes

28 April 2017

BlackRock has outlined five mistakes pension schemes are making and how trustees can overcome them.

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Honesty needed for consultant-trustee relationships

17 March 2017

A lack of frank conversation between consultants and trustees could be adversely affecting pension schemes and members.

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