New at AMNT
New annual survey to reveal pension trustees’ biggest challenges
mallowstreet, together with the Pensions and Lifetime Savings Association, the Pensions Management Institute and the Association for Member Nominated Trustees, is launching an annual survey to take the pulse of the nation’s pension trustees. The trustee landscape is changing; from freedom and choice to climate change and technology, there is a growing range of things trustees need to keep on top of. This complexity is
Is financial wellbeing coming on trustees’ radar?
Written by Sandra Wolf – Mallowstreet Financial wellbeing is considered a key factor to improving employee productivity, but trustees have traditionally kept at arm’s length from employer interventions. Should this be changing and what might work? Money worries keep many people up at night and cause them stress during the day. For nearly a quarter of UK adults an unexpected bill
Lay trustees still have a role to play in scheme governance
Written by Johnathan Stapleton – Editor, Professional Pensions The Pensions Regulator’s consultation on scheme governance ups the watchdog’s long-running campaign to improve the standards of trusteeship. But, this time, it seems to be taking an incredibly tough line, particularly on small schemes. As TPR executive director David Fairs explains on page 20: “Many smaller schemes are simply not good enough…
MNTs of ‘highest importance’ to pension boards – Dromey
Written by Theo Andrew – Pensions Age Labour Shadow Pension Minister, Jack Dromey, has said having a member-nominated trustee (MNT) on all pension boards is “of the highest importance”. Speaking at the Association of Member Nominated Trustees (AMNT) Summer Conference last week (5 July), Dromey said that a Labour government would push for stronger member representation, in a time of
Shadow Pensions Minister, Jack Dromey supports the role of member representatives on pension schemes as TPR pushes for professionalising the trustee role
Labour MP champions the role of member representatives on pension boards as the regulator increases efforts to get more professional trustees on boards Dromey reaffirms last year’s statement that Labour wants to move from at least a third member-nominated trustees on pension fund boards to a 50/50 split Labour MP wants to see the establishment of a “fiduciary college” within
PASA launches DB transfer guidance
Written by Holly Roach- Professional Pensions The Pensions Administration Standards Association (PASA) has launched guidance on defined benefit (DB) transfers to help give members better flexibility while retaining their pension benefits. The first of two parts, the Guide to Good Practice has three key aims: to improve overall member experience; to improve efficiency for administrators; and to improve communications and transparency. Speaking
Labour throws weight behind MNTs
Written by Sandra Wolf- Mallowstreet Labour’s shadow pensions minister, Jack Dromey, is championing the role of member representatives on pension schemes just as the Pensions Regulator is stepping up efforts to get professional trustees on more boards. Speaking at the AMNT’s Summer Conference on Thursday, Dromey also wants to see the establishment of a “fiduciary college” within a university to serve
TPR consults on mandatory pro trustees, sole trustees and diversity
Written by Sandra Wolf- Mallowstreet Badly run schemes need to improve or consolidate, said the Pensions Regulator as it proposes to reduce the number of poorly governed pension schemes in a consultation launched today. The [Future of Trusteeship and Governance](https://www.tpr.gov.uk/en/document-library/consultations/future-of-trusteeship-and-governance-consultation) paper considers how the trustee model can be made more effective. “The trustee model isn’t broken, but it does need
How does the rest of the world see us?
Article published in Professional Pensions- Written by David Weeks, co-chair of the Association of Member Nominated Trustees The Association of Member Nominated Trustees (AMNT) represented the UK at two major international conferences last month. The European Pensions and Investments Summit 2019 was in Montreux; the eighth annual World Pensions Forum was in Brussels. As usual at conferences, impressions come from
AMNT identifies poor transparency in its review of fund manager voting policies and practices as part of complaint to FCA
Pensions Minister slams fund managers’ failure to act on climate change and gender Findings highlight a market failure and insufficient transparency which hinders consumer choice Requests the FCA to further investigate and propose remedies to enable pension scheme trustees to develop their own voting policies As part of a formal complaint to the Financial Conduct Authority (FCA), the Association of