PTL Blog

Mastertrust Consolidation...at what cost?

Posted by Colin Richardson on Nov 15, 2017 11:46:21 AM

First published in Pensions Expert, 15 November 2017

There is currently a great deal of emphasis on the consolidation of mastertrusts in the market. Perhaps there has not been enough on how this can be achieved in an orderly way, leading to a positive outcome for all.

The Pension Schemes Act has begun the process of boosting mastertrust quality, with draft regulations for a stringent authorisation process awaited. The recent review of value assessments of small and medium-sized schemes, mandatory capital adequacy and a review of the charge cap will also help.
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Topics: Defined Contribution, mastertrusts, independent pension trustee

What do Austin Powers and Defined Benefit Pension Schemes have in common?

Posted by Candace Benger on Apr 14, 2016 10:34:44 AM

Austin Powers.  A funny albeit slightly ridiculous tale of a super spy who has been unfrozen in order to save the world from his also unfrozen arch enemy Dr Evil. 

They both, however, encounter acclimatisation issues when they realise that it's no longer the 1960s; a world of free love and rock and roll, £I million dollars is a mere drop in the ocean to hard core criminals and defined benefit pension schemes are like gold dust. 

The world they knew had gone and it was time to change and adapt to the new one they found themselves in...

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Topics: Defined Contribution, Pensions, Defined Benefit, independent trustee uk

De-Coding Small Lump Sum Exercises

Posted by Alison Bostock on Mar 11, 2016 11:18:06 AM

First published in Pension Funds Online, 11 March 2016

Alison Bostock looks at the benefits of the revised Code for Incentive Exercises.

The Code of Practice on Incentive Exercises is a brilliant example of the pensions industry working together to solve a problem.

Many people felt uncomfortable with cash incentives offered to members to transfer out their DB pensions or give up their future pension increases.

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Topics: Defined Contribution, Pensions, Defined Benefit, dc, decoding, lump sum

DC Schemes risk letting down members because they are lacking strategic objectives

Posted by Richard Butcher on Jan 6, 2016 12:14:03 PM

DC pension schemes are risking letting down members because they lack a strategic objective.

To mitigate this, PTL has created a DC scheme mi

ssion statement and blueprint which defines a strategic objective and clear principles for trustees to set the standards of their DC pension scheme against.

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Topics: Defined Contribution, pension freedoms, dc, pension trustee services, independent pension trustees, independent trustee uk, independent trustee services ltd

Nice teeth – now use them!

Posted by Richard Butcher on Dec 30, 2015 10:41:02 AM

The Pensions Regulator is currently consulting on a new DC Code of Practice. The consultation closes late in January 2016, there will then be a few months of cogitation, before a second and final version is published, laid before Parliament and, finally, adopted. This will probably be early summer next year (2016).

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Topics: Defined Contribution

ESG: What is it and why doesn’t it work in pension investment?

Posted by Richard Butcher on Nov 12, 2015 12:08:09 PM

Let’s start off by defining ESG (although there’s a good chance you won’t have got past the title if you didn’t know already!). ESG is the acronym for Environmental, Social and Governance.

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Topics: Defined Contribution, Pensions, Defined Benefit, dc

Is the pensions industry ready for the future?

Posted by Matthew Binnington on Nov 6, 2015 3:44:07 PM

First Published in Pension Funds Online

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Topics: Defined Contribution

DC Awareness –Still not getting through

Posted by Matthew Pridding on Nov 5, 2015 11:01:48 AM

DC pensions have certainly caught the public’s attention in 2015. Recently released figures show over 200,000 people accessed the new pension freedoms in the three months since the rules were relaxed in April 2015. While it is good to see more people taking an interest in their retirement, and by all accounts not just buying supercars with the proceeds, there is still a huge lack of understanding by the general public in regard of DC.

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Topics: Defined Contribution

A vision of DC to come, part 2: Smart Engagement

Posted by Richard Butcher on Oct 26, 2015 2:55:00 PM

Some years ago, speaking to a pension service provider, I asked why they weren’t innovating in DC. His answer was commercial and cold but, I suppose, true: “because the money is in DB”.

This is fast changing. In part, as a result of this, a large chunk of the legislative and regulatory agenda over the last few years has been focused on the efficiency of DC.

The net result of this commercial, regulatory and legislative focus is that, for a given amount of contribution input, DC is getting better - a lot better. We are, in software terms, at DC 2.1.

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Topics: Defined Contribution

No Caller ID

Posted by Colin Musgreaves on Oct 20, 2015 2:10:00 PM

We have been busy helping the Public Sector recently, some of which operate with centralised telephone systems, so it was no surprise to me when I received a 'no caller ID' call last week.

Unfortunately it turned out to be a mysterious call centre offering me a free pension review. Even though they were probably not authorised, 'Dave' went on to tell me that my current personal pension was seriously underperforming as all of the major providers had invested too much of my money in Blue Chip FTSE companies and were under investigation, with my savings at risk.
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Topics: Defined Contribution

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