From thought leadership to technical pieces, knowledge hub keeps our members and pensions professionals up to date with the recent developments in the industry.
Taking the pulse of pensions: PMI’s fifth survey results
It has now been two years since we ran the first PMI Pulse survey. This initiative, developed by the Policy and Public Affairs Committee, was intended to serve two specific purposes. The first was to assess PMI members’ confidence in the general direction of UK pensions policy and the performance of The Pensions Regulator (TPR). As a result, the first four questions of any Pulse survey will be the same. The second purpose of Pulse is to seek members’ views on specific topical issues. Pulse surveys are issued every six months and, over time, we are able to track trends in members’ views on policy.
Barnett Waddingham’s recent survey of UK private sector pension trustees – ‘Top Pensions Risks - 2020 Vision’ - found that board diversity was ranked as one of the lowest concerns, with almost half of the respondents saying this was a minimal risk. Only 14% rated diversity in the top 3 risks for their scheme.
Progress has been made in improving diversity and inclusion within the pensions industry but more still needs to be done. Representation is important; inspiring learning is a must; and apprenticeships can open the door to recruiting a more diverse workforce.
‘Diversity and inclusion’ – it’s good for your sole (trustee)!
“You never learn anything whilst you are talking” is a relatively well-known phrase; even Rocky Balboa quoted a version of it in the 2015 film ‘Creed’. An equally valid, but far less catchy truism is that you also learn nothing (or very little) if the only people you listen to already share your views.
One thing that has come through in much of the commentary and responses to The Pensions Regulator’s (TPR’s) Defined Benefit (DB) funding code consultation is support for the idea that maturing schemes should be on a pathway to limiting the risk they are taking when they become very mature.
Pension scams: making the message to members clear
Pension scams aren’t new, yet we’re still fully focused on tackling them. Why? Because we’re losing the battle of communications. Across any industry, success is not about the superiority of a product or service. It doesn’t necessarily matter how good it is; it’s how well you sell it. It’s merely a battle of perception. And the scammers are winning.
Taking the pulse of pensions: PMI’s fifth survey results
It has now been two years since we ran the first PMI Pulse survey. This initiative, developed by the Policy and Public Affairs Committee, was intended to serve two specific purposes. The first was to assess PMI members’ confidence in the general direction of UK pensions policy and the performance of The Pensions Regulator (TPR). As a result, the first four questions of any Pulse survey will be the same. The second purpose of Pulse is to seek members’ views on specific topical issues. Pulse surveys are issued every six months and, over time, we are able to track trends in members’ views on policy.
Barnett Waddingham’s recent survey of UK private sector pension trustees – ‘Top Pensions Risks - 2020 Vision’ - found that board diversity was ranked as one of the lowest concerns, with almost half of the respondents saying this was a minimal risk. Only 14% rated diversity in the top 3 risks for their scheme.
Progress has been made in improving diversity and inclusion within the pensions industry but more still needs to be done. Representation is important; inspiring learning is a must; and apprenticeships can open the door to recruiting a more diverse workforce.
‘Diversity and inclusion’ – it’s good for your sole (trustee)!
“You never learn anything whilst you are talking” is a relatively well-known phrase; even Rocky Balboa quoted a version of it in the 2015 film ‘Creed’. An equally valid, but far less catchy truism is that you also learn nothing (or very little) if the only people you listen to already share your views.
One thing that has come through in much of the commentary and responses to The Pensions Regulator’s (TPR’s) Defined Benefit (DB) funding code consultation is support for the idea that maturing schemes should be on a pathway to limiting the risk they are taking when they become very mature.
Pension scams: making the message to members clear
Pension scams aren’t new, yet we’re still fully focused on tackling them. Why? Because we’re losing the battle of communications. Across any industry, success is not about the superiority of a product or service. It doesn’t necessarily matter how good it is; it’s how well you sell it. It’s merely a battle of perception. And the scammers are winning.
