Each year we take a close up look at the commercial DC master trust market – that’s master trusts that are open to all employers. 19 commercial master trusts took part in our research, sharing their experiences around: Supporting small schemes and Value For Members (VFM) assessments Member technology and the Pensions Dashboards Programme Developing…
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It’s sometimes easy to forget that our neighbours in the Republic of Ireland (Ireland) remain a member state of the European Union. As such, certain types of EU legislation apply to Ireland. And whilst we in the UK have not had to worry about the latest Pensions Directive (IORP II), it looks likely to bring…
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Value for members assessments are here Deadlines are fast approaching for DC Schemes under £100m to publish their Value for Members (VfM) assessments. New regulations effective from late 2021 introduced this requirement (see the guidance here). Value for members = costs, charges and investment returns Those of us involved in the pensions industry have an…
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The Government is pushing for consolidation of small DC Schemes (those with assets under £100m) into master trusts. But why are some small schemes holding back and what can be done to address this? The February issue of the PMI’s Pensions Aspects Magazine features an article on this subject by Tina Oversby. Findings are based…
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The results from our latest annual DC master trust survey are now available. This year we were interested in hearing how master trusts are preparing for expected small scheme consolidation, what priorities they see from clients and prospects and more! Hear from Tina Oversby about the findings in the short video below. Our DC master…
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With the Government set on consolidation, it looks like it is only a matter of time before requirements are strengthened even further. Particularly, if too many DC schemes are seen to pass the VFM test.
This article looks at the areas to consider to gain comfort that there is an appropriate level of independence in the operation of your pension scheme. Although primarily focussed on the approach when carrying out a review of your service providers, the principles can be applied more broadly. Independence: defined as ‘the complete freedom of…
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ESG (Environmental, Social and Governance) was certainly a buzz phrase during 2020. With more focus than ever it is something that pension scheme trustees and sponsors cannot ignore. But what does ESG mean when it comes to pensions? And how can you ensure that your pension aligns to your corporate values? Navigating ESG and your…
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On 12th November, The Pensions Regulator issued guidance for Trustees of all Defined Benefit schemes aimed at highlighting how to spot signs of corporate distress. The guidance goes on to offer practical advice on the action Trustees should take to protect the pension scheme if the signs materialise. The full guidance is available here. In…
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This article considers the developments in tPR guidance for DB schemes looking to transact with a superfund. It also looks at the alternative consolidation options available for smaller DB schemes looking to make efficiencies.
