Our tried and tested knowledge of pensions management has enabled to remain industry leaders throughout our forty-plus years of operation.
A pension is an investment in the future. We want to make that future the best it can be.
Our commitment to conducting and delivering unparalleled qualifications and insights into pensions management helps us equip every professional with the right tools and knowledge to help them achieve pensions excellence.
From thought leadership to technical pieces, knowledge hub keeps our members and pensions professionals up to date with recent developments in the industry.
Tune in to our event programme of webinars, virtual roundtables, conferences and dinners - bringing you content from various industry experts and thought leaders.
From thought leadership to technical pieces, knowledge hub keeps our members and pensions professionals up to date with the recent developments in the industry.
What keeps you awake at night as one of the thought leaders in the pensions industry?
High profile pension scandals and insolvencies, increasing select committee focus, and years of guidance from the Pensions Regulator (TPR) all point towards a regime of increased prudence in Defined Benefit (DB) pensions strategies. This new regulatory paradigm was meant to become reality in 2020 with a new funding Code of Practice from TPR backed up by increased powers from the Pension Schemes Bill. But the COVID-19 pandemic is now putting the industry in a difficult position.
Trustees control investment strategy. That has always been a key factor in trustee-employer negotiations. Whilst trustees have to consult the employer about the contents of the Statement of Investment Principles (SIP), they do not have to agree investment matters with the employer. In fact, legislation currently states that investment powers cannot be restricted by requiring employer consent. But is that all about to change?
The COVID-19 driven crash across return-seeking assets and subsequent bounce (at least at the time of writing), have provided a serious test of pension schemes’ investment strategies. The investment performance across Defined Benefit (DB) schemes has been mixed. As with any crisis – albeit we may still be in the early stages of this one – we can take away some useful lessons.
A survey of our members revealed that 80% are concerned about the proposed criminal offences contained in section 107 of the Pension Schemes Bill. The survey also identified a small number of members who expressed a degree of unfamiliarity as to what Section 107 will mean in practice and this note includes a high level summary of the offences.
A sea change in the world of investments and pension administration.