Training

DB governance

Trustee training is becoming increasingly sophisticated and tailored to the specific needs of a given set of trustees. The Pensions Regulator sees training as an invaluable part of a scheme’s risk management framework. At bac we have a leading-edge approach to training that can be delivered using a variety of mediums. Our focus is on making training enjoyable and highly interactive.

We recently ran a day-long training session for the trustees of a FTSE 100 scheme which involved working through two different scenarios:

  • a takeover of the sponsor by a private equity firm
  • an approach from the sponsor to undertake a large buy-in.

The first scenario led to some detailed discussions on real and perceived conflicts, as well as a realisation that the covenant monitoring in place was not as strong as it should be.

Arising out of the second scenario, it was agreed that a sub-committee should be formed to look in detail at the quality of the scheme’s data and administration practices – just to ensure the scheme would be ready if that buy-in discussion ever did happen!

You might also
be interested in...

Are you
looking for...

We have a wide range of options to support your DC training needs, including online modules and face-to-face workshops

Find out more ...

YourView is our online training and evaluation tool. It can help evaluate the strength of your governance, decision-making, risk framework and advisers

Find out more ...

22 January 2021

In the news over the last week, the Pension Schemes Bill is at the final hurdle, automatic enrolment limits are reviewed, there is new research into trustee decision-making, the FCA sees signs of improvement in DB transfer advice and a full buy-in is completed.

Pensions Arena October 2020

This quarter’s Arena has a summary of our recent Pensions Perspective, “Endgame planning comes of age”, which looked at how long-term funding and investment plans are evolving and why companies are increasingly taking the lead in designing an endgame strategy. It also shows all the usual financial and investment analysis for the quarter ending 30 September 2020.

Endgame planning

Journey plans or glide paths may have been around for a long time but they’re at the heart of the Regulator’s proposed new funding code. In this Pensions Perspective, Leonard Bowman looks at how long-term funding and investment plans are evolving and explains why companies are increasingly taking the lead in designing an endgame strategy for their schemes.

Pensions Arena July 2020

This quarter’s Arena has a summary of our recent Pensions Perspective, “Emerging from lockdown”, which looked at how best to tackle the most common pension issues which companies are currently facing. It also shows all the usual financial and investment analysis for the quarter ending 30 June 2020.

Emerging from lockdown

As we keep hearing, we are living in unprecedented times. However, as we turn our attention to the future, what does the “new normal” mean for defined benefit pension schemes? In this Pensions Perspective, Leonard Bowman considers the most common pension issues that companies are facing and how best to ensure that the company approaches these on the front foot.