Archive for July, 2007

DC pension governance

Posted in Governance, Management, Pensions, Press, Professional Pensions with tags , , , , , on July 31, 2007 by katephiz

The Professional Pensions July special DC supplement quotes my view on goverance arrangement for contract-based DC schemes, including the follow remark:

In the world of DC, the key issues are again asset management and investment options, but also communications and administration. A properly constituted governance committee, backed by new regulatory powers to give them real authority to force change where necessary, can offer effective and independent oversight in these areas.

Comment on Regulator’s governance survey

Posted in Business, Governance, Operations, Pensions, Press, Risk with tags , , , , , , , , , , on July 16, 2007 by katephiz

Press comment on the Regulators annual survey of governance with full text reported here. Various excerpts picked up and quoted by the press. For the benefit of the press I summaried my detailed commentary as follows:

“The survey reports encouraging progress in several areas, including conflict awareness and the evaluation of the employer covenant. It also highlights a number of areas where general practices remain weak, namely Advisers, Risk Management and Administration. Whilst we expect to see developments in these areas over the next 12 months, the focus for trustees should be to ensure they have good governance structures in place and the rest will follow. As well as delivering a well run scheme, this will protect their position with the Regulator.”