The Pensions Regulator : Six principles for good workplace DC

6 December 2011 The Pensions Regulator has today released its six principles for the design and governance of workplace defined contribution pension schemes in a presentation to the NAPF Trustee Conference. In brief, the six principles are as follows: Schemes are designed to be durable, fair and deliver good outcomes for members A comprehensive scheme governance framework is established at set-up, with clear accountabilities and responsibilities agreed and made transparent. Those who are accountable for scheme decisions and activity understand their duties and are fit and proper to carry them out. Schemes benefit from effective governance and monitoring through their…

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The Pensions Regulator : The role of trustees in DC schemes

13 October 2011 The Pensions Regulator today published a paper on “The role of trustees in DC schemes”. It works rather well in establishing the key differences in trustee duties for DC (asset protection, investment choice, cost structures and contributions) as opposed to DB (payment of benefits and employer covenant). One key requirement is the need to be clear what the nature of the promise to DC beneficiaries is, the consequential duties on trustees and the powers and governance resposibilities that are adopted in the fulfillment of those duties. The paper is short and it is worth reading by all…

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UKSIF : Responsible Business: Sustainable Pensions 2011 report

25 August 2011 UKSIF seeks to promote responsible investment, sustainable pensions and other forms of finance that support sustainable economic development, enhance quality of life and safeguard the environment. Every two years it produces a report on the state of responsible investment within the UK pension scheme industry and has just come out with their 2011 report. Responsible investment has always been very relevant, but this was brought into even sharper relief by the Financial Reporting Council’s release of the stewardship code in 2010. Why not check the report on UKSIF’s website and see if your scheme is mentioned? External…

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