I started my Advanced Diploma in Retirement Provision (ADRP) journey in April 2017, sitting two exams at once – a mistake I did not repeat! Thankfully, I passed both and learned that hard work does pay off when it comes to PMI exams. That is why I feel a great sense of accomplishment having completed the ADRP.
Dominic Croft is the Chairman of the Examination Committee which oversees the PMI’s Certificate in Pensions Calculations (CPC) qualification; a role he has fulfilled for more than 10 years. Dominic has been heavily involved with the PMI in many capacities and in 2013 he won the award for the ‘Outstanding Contribution to the PMI’. Dominic was one the PMI’s inaugural group of Fellowship Network Ambassadors.
Benefits of becoming a trustee – what the future holds
The World Economic Forum in their 2019 report listed the top ten global risks foreseen. A viral pandemic was not one of them. Bill Gates was closer in his predictions and some worry he would microchip us all. Not that he needs to – the mobile companies know all our movements anyway, and Facebook and Amazon know the rest (save for our health passport and the pensions dashboard). So what might trustees expect next?
Pay the right people the right pensions at the right time…
All a successful trustee needs to do is meet three little tests…pay the right people the right pensions at the right time. If these tests are met, then the job is done well.
What will stand out when we look back on the Pensions Act 2021?
Pension Dashboards and climate transition will be the enduring hallmarks of the Pensions Act 2021. But it’s Clause 107, now known as Section 107, and the Pensions Regulator’s (TPR’s) new Defined Benefit (DB) funding code that will generate headlines in the UK’s post-Brexit, post-pandemic economy. It remains to be seen if these will garner or dent saver confidence in pensions.
Liz Hickey outlines how highlighting the Pensions Regulator’s (TPR’s) activities through regular communications has been crucial in becoming a clear, quick, tough regulator. As well as deterring law-breaking, publishing lessons learned helps employers, trustees and administrators be clear about their responsibilities and avoid pitfalls.
