Tags: adviser review

Pensions Arena July 2019

ROOT and branch

ROOT & Branch tree WEBSITE

For a picture of bac’s approach to DB governance, imagine a flourishing tree. The root system is not usually visible but it’s crucial to the health of the whole tree, as is the environment in which the tree lives.

In this Pensions Arena, Andrew Udale-Smith aims to get to the ROOT of what makes for good governance for a DB scheme. The article looks at Risk management, the two branches of Organisational and Operational governance and the use of Technology. For a start, there is no “one-size fits all” when it comes to governance, with each scheme and trustee board needing to develop an approach which works best for them…

And, of course, July’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 30 June 2019, presented in the BAC Dashboard.

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Advisers: Endgame

stock-photo-bangkok-thailand-march-a-setting-of-captain-marvel-black-widow-the-wasp-scarlet-witch-1332217868

Avengers: Endgame was the blockbuster to end all Avengers films. Several actors were apparently out of contract at the end of the film, which may help explain which superheroes died or disappeared off into a life of obscurity. Hopefully Marvel fans will forgive us when we turn the focus on advisers to DB and DC pension schemes and ask whether some of them should also now be facing termination?

In this Pensions Perspective, Andrew Udale-Smith looks first at the different types of adviser review and when and how they might best be used. Then he focuses on how to design a smooth and efficient process for a full market tender…

Advisers_Endgame

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ROOT and branch

ROOT & Branch tree WEBSITE

For a picture of bac’s approach to DB governance, imagine a flourishing tree. The root system is not usually visible but it’s crucial to the health of the whole tree. So too is the environment in which the tree lives, particularly the rain and sunlight that it needs to thrive.

In this Pensions Perspective, Andrew Udale-Smith aims to get to the ROOT of what makes for good governance for a DB scheme. The article looks at Risk management, the two branches of Organisational and Operational governance and the use of Technology. For a start, there is no “one-size fits all” when it comes to governance, with each scheme and trustee board needing to develop an approach which works best for them…

ROOT_and_Branch

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Refresh your advisers

lemon juicePensions World, July 2016
by Leonard Bowman

Whether it is driven by a desire for good governance, concerns about fee levels or a poor quality service, carrying out a formal review of scheme advisers is becoming increasingly common. Leonard Bowman looks at how to design a review process for your scheme actuary and/or investment consultant.

Click here to read article.

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BAE Systems adviser review

Bath Actuarial manages largest scheme actuary review in recent years

Bath Actuarial Consulting was delighted to be chosen by BAE Systems to support the trustees of its UK pension schemes in the process of appointing a single scheme actuary firm across the schemes.

Nigel Tinsley, BAE Systems Pensions Director, commented “We felt that, for such a complex scheme actuary review, we would benefit from the independent and experienced view which Bath Actuarial could bring to the project. We were very pleased with the support they provided, with how smoothly the process went and, of course, with the end result, which was Hymans Robertson being appointed across all of our schemes.”

Leonard Bowman, Director of Bath Actuarial explained “Adviser review projects can often take up far too much of the in-house pension team’s time, which is why external support and the efficient use of technology can make a real difference. Our aim in helping to manage the tender process was to keep the disruption to BAE Systems day-to-day pension operations to the absolute minimum.”

For further information and expert comment, please contact Leonard Bowman.

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