Trustee secretarial support

We have an experienced team of pension professionals who provide ad-hoc or regular support to trustee boards for day-to-day management of trustee meetings and associated actions. This can be merely a short term supplement to an in-house team or a fully out-sourced role.

The pensions manager of a UK company was elected as a member-nominated trustee of the company’s DB scheme. Although they had previously acted as Trustee secretary and taken the minutes of meetings, that was no longer appropriate now they were a trustee. We were brought in to help draft the agenda, produce the meeting packs, attend trustee meetings and draft the minutes and the actions list which flowed out of those meetings. The company also had 2 DC arrangements, so we consolidated the actions list for those two plans with the DB scheme’s actions list and produced an overall work planner. Our current role is to monitor progress and delivery of all the actions on the planner through to completion, with regular calls with the pensions manager.

24 January 2020

In the news this week, the ACA calls for AE contribution increases plus tax and pension simplification, MaPS launches its 10 year financial wellbeing strategy and the AA consults on stopping future DB accrual.

Pensions Arena January 2020

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.

Pensions Arena October 2019

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.

DB Governance Case Studies

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.

A match made in heaven?

As pension trustees and sponsors get serious about good governance, a key question is whether technology can play a meaningful role or is simply an expensive addition that looks good but adds little value?