Cyber security – a recap for trustees

Pension schemes hold large amounts of personal data which are key for providing benefits. However, this can make them a target for fraudsters and criminals who can use personal data to gain access to bank accounts or for identity theft. As...

Disclosure requirements and the member engagement challenge

Do the increased transparency and disclosure requirements for pension schemes enhance member engagement?  Most of us living and breathing pensions in our day jobs would instinctively say “no”.  The latest additions to the disclosure...

GMP equalisation and data “gaps”

As we are all now aware, the Lloyds judgment has made it clear that schemes must equalise for the effect of unequal GMPs accrued between 17 May 1990 and 5 April 1997. In order for trustees to move forward with GMP equalisation...

Diversity – what does it mean for pension trustees?

We are soon approaching the ten year anniversary of the enactment of the Equality Act 2010, which made it unlawful to discriminate against others on numerous grounds. Pension trustees will be used to ensuring equal treatment on this basis....

Equalising for the effect of GMPs – when is a limit not a limit?

If you’re in pensions and haven’t heard of Lloyds yet, well you’ve got some catching up to do. In a nutshell, pension schemes are required to equalise benefits for the effect of GMPs accrued between 17 May 1990 and 5 April 1997....

Working from home – tips for trustees

Trustees, much like the rest of us now working remotely, have had to adapt quickly to overcome the challenges this ‘new normal’ presents. Here are some of my top tips on how to make working from home more seamless and secure....