We invite you to explore the latest issue of Trusted, featuring highlights from our autumn conference, practical insight on endgame decisions, the trustee role in governance and regulation and emerging risks around longevity and innovation.


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A new report from Accounting for Sustainability (A4S) shows full market adoption of a unified sustainability framework across the bulk purchase annuity sector, strengthening the integration of sustainability into decision making.

A new report from Accounting for Sustainability (A4S) shows full market adoption of a unified sustainability framework across the bulk purchase annuity sector, strengthening the integration of sustainability into decision making.

Lewis Brown, committee member, The Association of Member Nominated Trustees (AMNT). The attached article was written by AMNT committee member Lewis Brown and published in Professional Pensions.

Lewis Brown, committee member, The Association of Member Nominated Trustees (AMNT). The attached article was written by AMNT committee member Lewis Brown and published in Professional Pensions.
AMNT welcomes this consultation, which reflects many of the themes set out in its February 2023 report to the regulator, “AMNT proposals on the future of professional trusteeship”
AMNT welcomes this consultation as it believes that the creation of the r-CDC pension scheme is highly important to millions of pensioners in the UK. However, because r-CDCs are new, confidence in the early stages would be strengthened if they were introduced as part of a guided retirement process or through agreements with existing scheme trustees. Additional reassurance for members could be provided by involving them directly in the governance arrangements of r-CDCs, particularly as employers will no longer have an ongoing stake.
"The Association of Member Nominated Trustees (AMNT) supports TPR’s ambition to act earlier, intervene proportionately and base enforcement on the risk and harm to scheme members. However, we have several key concerns and provided recommendations to ensure the strategy is effective, balanced and fair across all scheme types" said AMNT committee member Lewis Brown.

What if insurers could do more to speed up the path to buy-out? That was the focus of Just’s recent webinar, Reimagining the data journey: an insurer-led approach, where we explored how new models for data cleanse and GMP equalisation (GMPe) could unlock faster, more certain outcomes for trustees and sponsors.

What if insurers could do more to speed up the path to buy-out? That was the focus of Just’s recent webinar, Reimagining the data journey: an insurer-led approach, where we explored how new models for data cleanse and GMP equalisation (GMPe) could unlock faster, more certain outcomes for trustees and sponsors.
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The latest edition of Catalyst, Barnett Waddingham’s technical update for DC trustees, focusses on the theme of preparation – and the widening gap between those who are ready for change and those who aren't. Outlining what regulators are doing to help trustees, employers and sponsors deliver better outcomes for their pension scheme members, while also covering where schemes are falling short of standards, the overarching message to trustees is clear - readiness matters.
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The latest edition of Catalyst, Barnett Waddingham’s technical update for DC trustees, focusses on the theme of preparation – and the widening gap between those who are ready for change and those who aren't. Outlining what regulators are doing to help trustees, employers and sponsors deliver better outcomes for their pension scheme members, while also covering where schemes are falling short of standards, the overarching message to trustees is clear - readiness matters.

With many more schemes being in a position to look at buying out their pension scheme liabilities, trustees are now starting to think past the transaction date. How can they ensure that the correct members have the correct benefits? How can they effectively wind-up their scheme to make sure that they and their sponsoring employer have securely offloaded their future risk?

With many more schemes being in a position to look at buying out their pension scheme liabilities, trustees are now starting to think past the transaction date. How can they ensure that the correct members have the correct benefits? How can they effectively wind-up their scheme to make sure that they and their sponsoring employer have securely offloaded their future risk?

Discover the latest insights from Barnett Waddingham’s DB pensions experts as they explore currentdevelopments in the DB endgame landscape, and the implications for trustees and employers.Bringing 2025 to a close, this update provides expert insights into the latest superfund developments, recentbulk annuity pricing, and post-transaction activities, and showcases how BW can help you with your own endgame planning.

Discover the latest insights from Barnett Waddingham’s DB pensions experts as they explore currentdevelopments in the DB endgame landscape, and the implications for trustees and employers.Bringing 2025 to a close, this update provides expert insights into the latest superfund developments, recentbulk annuity pricing, and post-transaction activities, and showcases how BW can help you with your own endgame planning.

2025 was another busy year for the defined benefit (DB) de-risking market, with transaction volumes expected to be around £40bn. What stood out this year was the unprecedented volume of smaller deals—we are expecting a record circa 350 transactions to have completed—with Just at the heart of this activity.

2025 was another busy year for the defined benefit (DB) de-risking market, with transaction volumes expected to be around £40bn. What stood out this year was the unprecedented volume of smaller deals—we are expecting a record circa 350 transactions to have completed—with Just at the heart of this activity.

Recorded the morning after the Chancellor's announcement, our expert-led panel have unpacked the key outcomes and implications of the government's 2025 Autumn Budget.

Recorded the morning after the Chancellor's announcement, our expert-led panel have unpacked the key outcomes and implications of the government's 2025 Autumn Budget.

How innovation in DC and the arrival of CDC schemes could reshape the future of pensions, and what it means for your savers

How innovation in DC and the arrival of CDC schemes could reshape the future of pensions, and what it means for your savers

We are pleased to share the highlights from our 2025 Russell Investments Virtual Summit. In addition, please read our CEO’s latest blog that highlights how the outdated 401(k) system fails to support Gen Z's dynamic career paths and emphasises the need for portable, automatic retirement savings to ensure financial stability.

We are pleased to share the highlights from our 2025 Russell Investments Virtual Summit. In addition, please read our CEO’s latest blog that highlights how the outdated 401(k) system fails to support Gen Z's dynamic career paths and emphasises the need for portable, automatic retirement savings to ensure financial stability.

Our 2024 Global Climate Report

Our 2024 Global Climate Report

Our 2024 Investment Stewardship Report

Our 2024 Investment Stewardship Report

On 29 May the government published its response to the Options for DB Schemes consultation, laying out their policy intentions for DB surplus as they seek to boost investment and benefit scheme members. TPR is also due to publish new endgame guidance for DB schemes shortly.

On 29 May the government published its response to the Options for DB Schemes consultation, laying out their policy intentions for DB surplus as they seek to boost investment and benefit scheme members. TPR is also due to publish new endgame guidance for DB schemes shortly.

This webinar, led by LCP experts Lydia Fearn, Stephen Budge, and Steve Webb, focuses on the recently published Pension Schemes Bill and its implications for defined contribution (DC) savers, employers, trustees, and the DC industry.

This webinar, led by LCP experts Lydia Fearn, Stephen Budge, and Steve Webb, focuses on the recently published Pension Schemes Bill and its implications for defined contribution (DC) savers, employers, trustees, and the DC industry.

Contingent funding approaches are evolving to support the latest pensions developments including the changes on access to scheme surpluses.

Contingent funding approaches are evolving to support the latest pensions developments including the changes on access to scheme surpluses.

Outlook for 2024 – the year has got off to a less frenetic start than in 2023, but insurers are reporting record pipelines, with 20 or m£1bn+ transactions in the market or expected to be shortly. Total activity will depend on how many of these proceed this year – particularly the larger £5bn+ transactions – in the light of an expanding range of endgame options, run-on strategies and greater emphasis on preparation.

Outlook for 2024 – the year has got off to a less frenetic start than in 2023, but insurers are reporting record pipelines, with 20 or m£1bn+ transactions in the market or expected to be shortly. Total activity will depend on how many of these proceed this year – particularly the larger £5bn+ transactions – in the light of an expanding range of endgame options, run-on strategies and greater emphasis on preparation.

Gain a valuable overview of the various types of cyber attacks, the motivations behind them and the preventive measures you can take to mitigate cyber risks.

Gain a valuable overview of the various types of cyber attacks, the motivations behind them and the preventive measures you can take to mitigate cyber risks.

Explore the various options available to DB and DC post Mansion House

Explore the various options available to DB and DC post Mansion House

A new report from Accounting for Sustainability (A4S) shows full market adoption of a unified sustainability framework across the bulk purchase annuity sector, strengthening the integration of sustainability into decision making.

A new report from Accounting for Sustainability (A4S) shows full market adoption of a unified sustainability framework across the bulk purchase annuity sector, strengthening the integration of sustainability into decision making.

A new trial to boost Pension Credit take up is underway after analysis showed significant regional disparities in pensioners claiming the benefit, which can be worth over £100 a week.

A new trial to boost Pension Credit take up is underway after analysis showed significant regional disparities in pensioners claiming the benefit, which can be worth over £100 a week.

How innovation in DC and the arrival of CDC schemes could reshape the future of pensions, and what it means for your savers

How innovation in DC and the arrival of CDC schemes could reshape the future of pensions, and what it means for your savers

INDEPENDENT TAILORED TRAINING TO HELP ASSET OWNERS EMBED ESG, SUSTAINABILITY AND IMPACT INVESTMENT INTO THEIR STRATEGIES.

INDEPENDENT TAILORED TRAINING TO HELP ASSET OWNERS EMBED ESG, SUSTAINABILITY AND IMPACT INVESTMENT INTO THEIR STRATEGIES.


The Trustee toolkit is a free, online learning programme from The Pensions Regulator aimed at trustees of occupational pension schemes. The Trustee toolkit includes a series of online learning modules and downloadable resources developed to help you meet the minimum level of knowledge and understanding introduced in the Pensions Act 2004.

Independent tailored training to help asset owners embed ESG, sustainability and impact investment into their strategies
Since 2017, P4P have run many in-person and online training sessions for trustees and pension committees. Their programme covers essential topics ranging from an introduction to impact investment and how to put it into action, to measuring and monitoring impact. Their facilitated sessions can also equip asset owners with the tools to prioritise their ESG beliefs, strategically guiding them toward an investment approach more closely aligned to the United Nations sustainable development goals.

(for everyone involved in running pension schemes)
Stay Ahead in the World of Pensions!
Are you a pension scheme trustee — or involved in running a scheme? The Pensions Regulator expects you to have the right skills and knowledge to lead with confidence. But in pensions, the learning never stops. New challenges, fresh regulations, and evolving best practices mean there’s always more to discover.
Don’t just keep up — get ahead
Aon's brochure is your gateway to a suite of engaging, interactive training courses. Whether you want to boost your practical skills or deepen your understanding of the regulatory landscape, Aon have something tailored for you.