News
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
The biggest hurdle yet? Why we need more young trustees
Being a rarity on pension fund boards, it would be easy for young trustees to feel they have to work harder to make their views heard. But the real challenge is getting there in the first place. For young people, getting on a trustee board is a journey so unlikely that whenever a young-ish face does show up, that person instantly
What do you value?
‘Price is what you pay; value is what you get’ – Warren Buffett In 2107 Lionel Messi, world footballer of the year, had a salary of $53 million; with experience an NHS nurse team leader could earn annually a maximum of £34,876. Should the excitement of the game at the Nou Camp Barcelona bring on a heart attack, who would
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
Press Release: AMNT win at PMI
David Weeks, co-chair of AMNT wins the ‘Outstanding contribution to the pensions industry’ award at the Pension Management Institute’s Annual Dinner 2019. Click to see full response.
2019 AGM Minutes
Please click here to view minutes from the AGM held on the 7th March 2019 during our Spring Conference which was held at Willis Tower Watson.