Do you have quality DC pension scheme governance?

10 February 2014 The Pensions Regulator has followed up its work on the DC Code and DC Regulatory Guidance with their views on how trustees (both for single- and master-trust vehicles) should assess and communicate their compliance with these initiatives. To recap, the DC Code lays out the legal framework for DC trust-based pensions and provides suggestions of practical guidance on how to comply whereas the DC Regulatory Guidance lays out the Regulator’s view on the quality features underpinning their view of good practice. The Regulator has laid out 31 key quality features in areas such as trustee knowledge, training…

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The Pensions Regulator – Maintaining DC Contributions

12 June 2013 In September 2012, the Pensions Regulator held a three month consultation on revising their codes of practice on reporting late payments of DC contributions. The consultation results have been analysed and amended draft codes of practice have now been laid before Parliament – with an expectation that these codes will go live in the Autumn. Why is this important? It is clear that the correct identification and payment of contributions is vital to the beneficiaries of a DC scheme. Timeliness is also key: if payments are delayed then there will be a need to reinstate beneficiaries to…

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Conferences and presentations by investment managers

As a regular attender at pension conferences it struck me as interesting that whilst the content of many presentations given by investment managers are good to very good on the technical side : for instance analysis of the macro-economic outlook or an assessment of investment prospects for one asset class : very few address or even touch upon two key areas for pension schemes: broader asset allocation and the investments implications as part of liability management. This lack of focus is particularly strange as attention here could help to build differentiated marketing bridges to trustees and advisers and it’s no…

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