Whilst training for DB trustees is long-established, regular training for DC trustees and governance committees is still an evolving area. At bac we have a wide range of options to support your DC training needs, including online modules and face-to-face workshops.
A key area of training concerns members’ retirement choices and what these mean for default investment strategies. By spending time working through the principles with trustees and sponsors, clients have been well prepared for their next review of investment strategy and/or provider.
For developing communication strategies, training sessions on the market campaigns run by major providers and by the Government can provide useful talking points. The psychology of how we make financial decisions is also helpful in these discussions.
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We have a leading-edge approach to DB trustee training. Our focus is on making training enjoyable and highly interactive
YourView is our online training and evaluation tool. It can help evaluate the strength of your governance, decision-making, risk framework and advisers
In the news this week, the pensions world continues to be dominated by the impact of the Covid-19 pandemic, with the Regulator publishing more guidance for employers, the FCA delaying the implementation of its drawdown investment pathways and two household name companies deferring (or missing) their deficit recovery contributions.
Over the autumn of 2019, BAC conducted an extensive survey of the actions which companies are taking to manage their defined benefit (DB) and defined contribution (DC) pension arrangements.
2019 marked 50 years since Neil Armstrong walked on the moon and this was obviously on the Queen’s mind in her Christmas message as she talked about a bumpy year but one with small steps of progress as well. In terms of pensions, it also felt like a year of small steps and occasional bumps. In this quarter’s Arena, we take a positive look back at 2019, as well as looking forward to some expected pension developments over 2020.
Despite the very different circumstances facing individual companies, bac‘s autumn 2019 survey reveals a surprisingly consistent picture of the actions which companies are finding most attractive to manage their DB and DC pension arrangements.
As DB liabilities have become legacy issues to be managed, governance has become the umbrella term for a broad range of risk management tools. In this publication, we look at the DB governance solutions we have helped our clients to implement.