PTL Blog

21st Century Trustees: is accountability the answer?

Posted by Richard Butcher on Sep 28, 2016 3:01:55 PM

It’s time to ramp up accountability for professional trustees, says Richard Butcher, managing director of PTL

The Pension Regulator’s consultation on 21st Century Trusteeship and Governance has closed and they will now be starting to digest the various responses and may come up with new policy. We shall see. Whatever happens, however, maybe things will move forward a little on their own.

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Topics: tpr, governance

How BHS will hit us all

Posted by Richard Butcher on May 13, 2016 12:08:02 PM

We are only a couple of weeks into the BHS saga, but already the story is starting to sound like the script of a pension disaster movie: tough business men in tough negotiations cutting hard deals, trustees fighting a corner, collapse, government intervention, Parliamentary inquiries, public spats between the parties. If it wasn’t for the loss of pension rights for the innocent members, a disinterested party might find this quite fun to watch.

The problem, I suspect, is that none of us will be “disinterested” for very long.

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Topics: db funding, tpr, governance, bhs,

The new DC codes: 6 x 5 things to know, part VI

Posted by Richard Butcher on May 11, 2016 8:30:00 AM

Earlier this year, The Pensions Regulator published a draft replacement for its rather tired looking Code of Practice 13 – which was all about Defined Contribution (DC) pensions. The new version was shorter and snappier: much more user friendly.

At the same time as they published the draft they promised a swathe of guides that would give practical guidance. The first six of those guides have now appeared. Over six days we have shared five things that you need to know about each of the six guides, followed by a bonus seventh list of five things you should know about the guides in their entirety. This one is really important, so don’t forget to read that list.

5 things to know about the new DC codes
No. 6 - communicating and reporting

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Topics: tpr, dc governance

The new DC codes: 6 x 5 things to know, part V

Posted by Richard Butcher on May 10, 2016 8:30:00 AM

Earlier this year, The Pensions Regulator published a draft replacement for its rather tired looking Code of Practice 13 – which was all about Defined Contribution (DC) pensions. The new version was shorter and snappier: much more user friendly.

At the same time as they published the draft they promised a swathe of guides that would give practical guidance. The first six of those guides have now appeared. Over six days we’ll share five things that you need to know about each of the six guides, followed by a bonus seventh list of five things you should know about the guides in their entirety. This one is really important, so don’t forget to read that list.

5 things to know about the new DC codes
No. 5 - value for members

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Topics: dc, tpr

The new DC codes: 6 x 5 things to know, part IV

Posted by Richard Butcher on May 9, 2016 8:30:00 AM

Earlier this year, The Pensions Regulator published a draft replacement for its rather tired looking Code of Practice 13 – which was all about Defined Contribution (DC) pensions. The new version was shorter and snappier: much more user friendly.

At the same time as they published the draft they promised a swathe of guides that would give practical guidance. The first six of those guides have now appeared. Over six days we’ll share five things that you need to know about each of the six guides, followed by a bonus seventh list of five things you should know about the guides in their entirety. This one is really important, so don’t forget to read that list.

5 things to know about the new DC codes
No. 4 - Investment governance

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Topics: tpr, dc governance

The new DC codes: 6 x 5 things to know, part II

Posted by Richard Butcher on May 5, 2016 8:30:00 AM

Earlier this year, The Pensions Regulator published a draft replacement for its rather tired looking Code of Practice 13 – which was all about Defined Contribution (DC) pensions. The new version was shorter and snappier: much more user friendly.

At the same time as they published the draft they promised a swathe of guides that would give practical guidance. The first six of those guides have now appeared. Over six days we’ll share five things that you need to know about each of the six guides, followed by a bonus seventh list of five things you should know about the guides in their entirety. This one is really important, so don’t forget to read that list.


5 things to know about the new DC codes
No. 2 – Scheme management skills

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Topics: tpr, dc governance

The new DC codes: 6 x 5 things to know

Posted by Richard Butcher on May 4, 2016 8:19:15 AM

Earlier this year, The Pensions Regulator published a draft replacement for its rather tired looking Code of Practice 13 – which was all about Defined Contribution (DC) pensions. The new version was shorter and snappier: much more user friendly.

At the same time as they published the draft they promised a swathe of guides that would give practical guidance. The first six of those guides have now appeared. Over the next six days we’ll share five things that you need to know about each of the six guides, followed by a bonus seventh list of five things you should know about the guides in their entirety. This one is really important, so don’t forget to read that list.

5 things to know about the new DC codes
No. 1 – The trustee board 

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Topics: dc, tpr, governance

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