Pensions schemes are increasingly talking about risk. How to identify it, how to mitigate it and how to manage it. This is not surprising given that the requirements to operate an Effective System of Governance, have a Risk Management...
The Government has now confirmed its intention to move forward with plans to increase consolidation in the DC pension market so that there are “fewer, larger, better well-run schemes” (Unlocking the UK pensions market for growth). At...
Pensions can be a “hot potato” at the best of times and it’s not always easy to own up to being a pensions lawyer. Whenever pensions hit the news headlines, it’s time to put on a tin hat. The trouble is, that despite the fact...
As promised, the government has included a reserve power in the Pension Schemes Bill that would allow it, in future, to set quantitative baseline asset allocation targets for some pension scheme investments: so-called “mandation”. This...
Recent research from Schroders Personal Wealth has revealed that only 25% of men and 11% of women feel “very confident” about their retirement savings. As the UK pensions landscape continues its evolution from the certainty of defined...
With the first cohort of pension schemes and providers due to connect to the dashboards ecosystem in less than a week, dashboard preparations are in full flow.* Trustees are ultimately responsible for ensuring all scheme benefits,...
More DB schemes are approaching their endgame (whatever that may be) than ever before. As a result, the focus on residual risks and how these are managed is evolving. The key message for trustees and employers is that dealing with residual...
TPR has again set its sights on pension scammers and there’s good reason for doing so. The latest figures from Action Fraud show that a total of £17.7 million was reported lost to pension-related fraud in 2023. The average loss to each...
It may sound blindingly obvious, but you tend to make better decisions when you make them at the right time. When you are ready to make them. When you have all the information you need, input from all the right people and have had time to...
It will be no surprise to most readers that there has been a transformation in US boardroom culture in the past 15 years. It’s no longer rare for diversity and inclusion to be a standing agenda item, and a recent report from Fortune...
