Pensions Aspects Magazine

Pensions Aspects is one of the UK’s leading pensions magazines, published bi-monthly by the PMI in collaboration with some of the most respected organisations in pensions and finance. We bring you fresh insights, expert analysis, and real-world case studies on finance, inclusion and diversity, pension trusteeship, digital transformation, cybersecurity, governance, and much more. As our flagship publication, Pensions Aspects keeps you informed on the issues that shape our industry, from policy developments and regulatory changes to emerging best practices. More than just a magazine, Pensions Aspects is a space for meaningful conversations. By bringing together thought leaders and industry experts, we help drive innovation and progress in pensions and financial wellbeing. Pensions Aspects is shared with over 4,000 PMI members each year, providing essential member resources, exam updates, industry news, and exclusive interviews—all in one place.

13 November 2020

Service Innovation in DC Master Trusts

The PMI’s DC Master Trust Group was established to help overcome barriers to offering a good service to members. As part of bringing the group together, the decision was made to include not just Master Trust providers but representatives to the supply chain. The delivery of good services requires many different components to work together in harmony. Without bringing together the component parts, we would not be able to work towards overcoming the barriers.

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13 November 2020

The Work and Pensions Committee’s pensions inquiry

The pensions freedoms were introduced five years ago. They relaxed rules on how pensions can be taken, and gave those in later life new choices on what to do with their savings. With new freedoms, however, have come new challenges for consumers and for the industry. Savers who left to navigate a complex market have sometimes paid a very high price.

In the summer, the cross-party House of Commons Work and Pensions Committee launched a three strand inquiry to examine the effects of the 2015 shake-up, and how it is working for savers.

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13 November 2020

“Great things never came from comfort zones”

The devil you know.

Fear of moving pensions administration to another third party administrator (TPA) is enough to put anyone off carrying out a market review in the first place. This can happen even when there is evidence of poor service from an incumbent administrator. It often takes time to get used to the idea of change and the forthcoming disruption.

This article aims to provide some insight and tips on how to alleviate the pain of moving administrator (or first time outsource). It is not possible to cover all aspects in this article which is deliberately focused on project oversight, data and calculations.

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13 November 2020

The future of investor engagement: Discover what BMO Global Asset Management believe will shape investor engagement this decade

Investor engagement on Environmental, Social and Governance (ESG) issues has evolved from a niche practice carried out by mission and faith-based investors to a mainstream investor activity. This year, BMO Global Asset Management are celebrating 20 years of engagement, having engaged more than 5,500 companies across 87 countries during this time period.

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13 November 2020

Looking for the silver lining

A question that we see regularly in the pensions press is what pensions policy or legislation the industry would like to see over the coming 12 months? The answers are always varied – we all have our own shopping lists – but there are always more ‘wants’ than parliament or regulators have the time or inclination to deliver on.

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13 November 2020

Another step towards improving DC member outcomes

With small pots and small schemes hot topics once again, the Department of Work and Pensions (DWP) has published a response to its February 2019 consultation on ‘Investment Innovation and Future Consolidation’.

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