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.

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.