Search Results: Governance and Trustee Effectiveness
10 results:
Broadening Horizons
13 Dec 2021
Case studiesOur client had decided to conduct a review of their scheme governance and trustee effectiveness. However, the process they went through with a competitor of ours was challenging, dispiriting and produced a quite damning verdict. Nonetheless, the trustee had worked through the recommendations and were now ready to re-assess where they were. We were appointed because we were able to demonstrate an awareness of the sensitivities inherent in any such exercise: the need to balance competing interests, understand different views and personalities, and to create an open, supportive and collaborative exchange of opinions and views.
Read moreDon’t let the urgent crowd out the important - Are you still making good decisions?
18 May 2020
ViewpointsCovid-19 has thrown up a lot of issues and a lot of urgent decisions have been made. But other things will have been forgotten. Is it now time to start thinking about the important as much as the urgent?
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Don’t let the urgent crowd out the important - Trustee decision-making and governance post lockdown
2 Jul 2020
ViewpointsThe Covid-19 pandemic has had a huge effect on all industries, literally all. Pensions trustees have had to adapt to this new world with very little warning. So where do we go from here and what governance lessons can be learned?
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Competence and Integrity
5 Jul 2021
MusingsCompetence and integrity are two capacities and values which are as vital as they are difficult to define. Here we try and define each, establishing why they are both equally important skills to have across a trustee boards.
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Levelling up – is it doable?
14 Feb 2020
ViewpointsFollowing the government’s HS2 announcement you could say levelling up is also what TPR is doing on trusteeship and governance. TPR wants to see proof of good and proportionate governance, in a landscape with fewer schemes. Trustees will have to show they’re up to the job. They may need to exit if they can’t get up to speed.
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What is the right DC scheme for you?
13 Dec 2021
Case studiesThe sponsor had put in place a contract based scheme early in the 2000s, and had changed provider in 2007. As the scheme had grown and become the main scheme for employees, and the governance committee had taken a more active role in the scheme, it was becoming clear that the solution was not matching the needs of the sponsor nor the scheme members.
Read moreAssessing Trustee Effectiveness
13 Dec 2021
Case studiesSelf-assessment is reliant on objectivity; an ability to detach yourself from the daily rigours of trusteeship, to take an impartial look at the way you work, to be open-minded to ideas and challenge the established procedures, and to retain neutrality against criticism.
Read moreGovernance: Think cycles, not boxes
13 Dec 2021
Case studiesGovernance is becoming better understood, and more clearly defined. It encompasses everything about governing the scheme. But with a busy agenda to manage, trustees can fall into the trap of overlooking the importance of maintaining effective governance review processes. Some may find it a challenge to prevent governance review processes becoming a periodic box-ticking exercise. Trustees must keep their minds open to what is changing around them and for the need to improve governance.
Read moreDon’t let the urgent crowd out the important - Key person risk and succession planning
16 Jul 2020
ViewpointsSuccession planning is sometimes an uncomfortable subject, but the Coronavirus crisis acts as wake up call for pension schemes to look at plans for an organised succession for key senior posts and to develop emergency backup plans on the trustee board, in the executive, and with key suppliers.
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As if by magic the Easter Bunny brings a new TPR Code!
25 Mar 2021
ViewpointsTPR has published the single Code of Practice for consultation which is open until 26 May. Recharged with chocolate we’ll be reading the 149 pages in more detail and having a go at TPR’s consultation questions after Easter and will update you as needed on what to look out for and practical pointers.
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