PTL Blog

Dodging a Dangerous Dogs Act moment

Posted by Richard Butcher on Feb 28, 2018 12:27:24 PM

First published in Professional Pensions, 14 February 2018

Any day now, although perhaps I should say any season, the DWP’s white paper will emerge, covering a raft of pension policies. This was originally conceived to put forward solutions and law changes to ease the defined benefit funding “crisis”. Its mission now seems to have morphed somewhat into something more minty than white.

The collapse of Carillion and the emerging back story led Theresa May to propose new powers for the Regulator: perhaps to veto dividend payments, or impose punitive fines or bonus clawbacks on wayward directors.

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Topics: Defined Benefit, db funding, trusteeship, defined benefit risks, pensionsindustry, independent pension trustee

The day I used the Chair's casting vote

Posted by Richard Butcher on Feb 17, 2017 3:17:58 PM

I've been involved with trustees and trustee boards for 27 years, but the other day, I experienced a first.

Most trustee decisions are routine and nothing much to get excited about.

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Topics: governance, trusteeship

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