Conflicts of interest have long been part of the trustee/employer environment. However, the scope and meaning of what type of conflicts could arise has developed and broadened as governance best practice evolved.
Julie Walker, Associate, debates whether pension administration should prioritise people or processes.
Informed members make informed decisions - but effective engagement doesn’t just happen, it needs a well-defined strategy incorporating a clear understanding of where schemes and members are now, where they want to be, and the tools and support to help them get there.
Following last year’s green paper, the Department for Work and Pensions published its long-anticipated white paper, ‘Protecting Defined Benefit Pension Schemes’, giving us a taste of how the pensions industry might be re-shaped in the coming years.
The Department for Work and Pensions published its white paper on Protecting Defined Benefit Pension Schemes. Although not offering much in the way of new legislation, it does encourage The Pensions Regulator to make more of the current legal framework
Steve Ellul explores the initial noises coming from those moulding the future of trusteeship which appear encouraging.
With the December 2018 deadline for reconciling GMPs looming, HMRC are seeing a massive increase in the number of SRS queries, so it's understandable that there may be a squeeze on their resources. But what impact will this have on the pensions industry?
HMRC announced on 5 August 2016 that they would not accept any new requests for new data to be provided through the Scheme Reconciliation Service (SRS), but what does this mean for the schemes that we administer?
Mandie Bird looks at the evolving role of the pension management consultant and explains how the fast-changing face of the pensions landscape has helped to shape this new profession.
Stealing a lyric from the man in black, our specialist GMP team is encouraging trustees to walk the line between GMP rectifications and wider benefit audit projects. It is important they understand the difference between the two and avoid a reasonably simple process becoming unwieldy and expensive.