Global Vision, Local Wisdom
Global Vision, Local Wisdom
We have by now probably all experienced the impact of the European Union’s General Data Protection Regulation (GDPR) and local equivalent rules on our daily lives – more emails seeking permission to remain on mailing lists, more boxes to tick for activity on the internet, more things to agree to when checking into hotels, … A less conspicuous aspect of the new data protection rules is the impact on trustees of various employee benefit plans.
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A pension scheme secretary is much more than just a minute taker. In a landscape with increasing focus on good governance, having an effective scheme secretary in place can help ensure a well-governed, efficient scheme and optimise member outcomes.
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The UK Pensions Regulator recently released a consultation on the “Future of Trusteeship and Governance” and noted that there is a broad consensus across the pensions industry that good governance is essential for positive outcomes for pension savers. However, the Regulator’s evidence suggests that some schemes -particularly small ones- fall short of the standards expected. While the consultation relates to UK schemes, the importance of trustees having a good understanding of their scheme and the key issues is equally important for schemes more generally.
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The Committee for Employment & Social Security has issued a consultation on antidiscrimination legislation in relation to employment and the provision of services. We look at the potential implications for occupational pension schemes.
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We are delighted to announce the recipients of BWCI’s 2019 student bursary awards. This year we are awarding a second bursary as part of our 40th Anniversary celebrations.
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