Pensions Aspects Magazine

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Why are Master Trusts so good at reducing risk?
09 April 2021

Why are Master Trusts so good at reducing risk?

Defined Contribution (DC) Master Trusts have become the arrangement of choice for many. In previous articles I’ve discussed the strong governance regime that they have in place and why this is so important. This article considers risks from three different viewpoints and examines why Master Trusts are so effective in reducing them.

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Supporting a sustainable COVID-19 recovery through ESG engagement
09 April 2021

Supporting a sustainable COVID-19 recovery through ESG engagement

Investor engagement on Environmental, Social and Governance (ESG) issues has evolved from a niche practice to a mainstream investor activity. This year, we are celebrating 20 years of engagement, having engaged more than 5,500 companies across 87 countries during this time period.

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The Rule of Six: Six top tips for managing risk
09 April 2021

The Rule of Six: Six top tips for managing risk

Trustees are legally required to have adequate internal controls in place for their scheme, and this includes procedures to manage risk. To comply with the Pensions Regulator’s Code of Practice on internal controls, trustees must be able to evidence the internal controls that ensure they remain satisfied that their scheme is being well managed in accordance with the law and the scheme’s rules.

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Heuristics and bias in trustee decision-making
09 April 2021

Heuristics and bias in trustee decision-making

Psychological research has shown that human decisionmaking is subject to numerous fallacies and biases. Experts’ decisions across a wide range of critical domains, including medicine and finance, are also demonstrably susceptible and so understanding bias and how it affects decisions is crucial for improving decisionmaking in a wide range of contexts. Funded by the Actuarial Research Centre of the Institute and Faculty of Actuaries, and with the support of Aon, who provided us with access to pension trustees, we conducted a series of controlled experiments designed to test for the use of decision heuristics in trustees.

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Recourse and your journey plan can you get there from here?
09 April 2021

Recourse and your journey plan can you get there from here?

The strength of the covenant will, in part, determine how much risk a scheme can take on its funding journey and, therefore, how long a scheme will take to achieve its long-term funding target. The starting point in evaluating the covenant is understanding where the legal obligation to your pension scheme lies.

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A tough ask: saving for an ill-defined event at an indeterminate date
09 April 2021

A tough ask: saving for an ill-defined event at an indeterminate date

How can you encourage people to save for retirement when they can’t be sure what retirement will mean, when it will happen, or how much they’ll need for it? Laura Stewart-Smith, Aviva’s Head of Workplace Savings and Retirement, looks at recent research to understand this dilemma – and how we might resolve it – within our present age of ambiguity.

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Full magazine editions

Pensions Aspects September 2020
11 September 2020

Pensions Aspects September 2020

Defined contribution considerations. Read the latest issue on maintaining composure
in a state of flux.

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Pensions Aspects July/August 2020
17 July 2020

Pensions Aspects July/August 2020

Strategic Investor. Read the latest issue on using capital to drive positive change.   

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Pensions Aspects June 2020
07 June 2020

Pensions Aspects June 2020

Investing with a conscience. Read the latest issue on pension scheme sustainability and development.

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Pensions Aspects May 2020
05 May 2020

Pensions Aspects May 2020

A bit too close to home? Read the latest issue on cyber security, data management in a pandemic, trustee meetings in an ongoing crisis situation and more

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Pensions Aspects April 2020
09 April 2020

Pensions Aspects April 2020

This issue focuses on best practice board composition; meeting new regulatory standards; effective governance and more

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Pensions Aspects March 2020
13 March 2020

Pensions Aspects March 2020

This issue includes topics on appointing financial advisers, an Aptitude for professional trusteeship, shifting the landscape of the UK pensions marketplace and more.

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