Pensions Trustee Conferences
Showing trustees how to make a positive impact on their scheme
Our annual series of regional conferences gives trustees of pension schemes an insight into the latest pension matters and networking opportunities – as well as the chance to pose questions to our panel of industry professionals.
The regulatory landscape continues to evolve rapidly, presenting a challenging environment for both schemes and employers to operate in.
The government recently published its White Paper on the sustainability of DB schemes primarily aimed at clarifying the rules and expectations, rather than making fundamental changes to the existing system. This ties in with the Pensions Regulator’s expectations of Trustees to pay attention to long-term goals and demonstrating good governance.
CONTINGENCY PLANNING Contingency planning is a key tool used by trustees to manage the risk in their scheme.
The Pensions Regulator expects all DB schemes to have contingency plans in place – but only 17% of trustees have a formal strategy. Trustees need to consider whether their existing plans are sufficient and focus on contingency plans for the biggest risks in their pension scheme.
Managing DB transfers The demand for DB transfer values is likely to remain high for a number of years as non-pensioners in DB schemes reach retirement age. These members are exposed to the risk of unsuitable and expensive advice if they are left to find an IFA themselves.
Trustees and companies can improve member outcomes by partnering with an IFA and improving the quality of member communications. Facilitating a more efficient transfer value process for members should also form part of your long-term de-risking plan.
Trustees need to ensure they have the right framework in place to help manage their risk and improve member outcomes. By not reviewing your offering to members at retirement, you are taking on future risk. Members need to be told what NOT to do as much as which options are right for them. The cost of implementing a service or solution can be lower than you think – certainly when risk is taken into account.
For all the latest trustee insights, register now for the 2019 pensions trustee conference.
Full details and dates to be announced in the coming weeks.
"All speakers well prepared with good content that added value."
"Very professional, and clearly delivered information."
"A highly informative, topical and well put together conference with a wide range of knowledgeable speakers."
"Very useful insights into many pertinent issues."
"An excellent and very well organised conference covering topical issues, divided by the individual speakers."