KBPR’s Post

The pension sector is evolving. Are you ready to be part of the change? Join us for the 3rd Annual Pension Sector Workshop this June from 25th -28th in Mombasa. We'll explore the latest in corporate governance, discuss the challenges, and collaborate on solutions for a stronger, more secure pensions for all. Don't miss your chance to be part of the transformation. Register Now! #pensiongovernance #corporategovernance #pensions

As the endgame for Defined Benefit (DB) pension schemes approaches, the landscape is changing fast, and so are the solutions. Our latest insights at Hymans Robertson highlight the critical need for capacity and flexibility in DB de-risking strategies. With increasing insurer demand, effective strategies require a tailored approach to ensure the right balance of member security and cost-efficiency. Explore how Hymans Robertson is helping clients navigate these endgame strategies to achieve sustainable outcomes for all stakeholders. Read more in our latest article. https://okt.to/jW2OIs #Pensions #Investments #Retirement

In this engaging conversation with Morten Nilsson, CEO of Brightwell we delve into the trajectory of Defined Benefit (DB) pensions in the UK 👉 https://lnkd.in/ekvhsqQt Nilsson shares insights on Brightwell's journey, challenges in the industry, the allure of DB pensions, emerging alternatives like Collective Defined Contribution (CDC), and the crucial need for reevaluating #PensionScheme management practices.

Worth watching this great interview all the way through, but five mins from the end Morten is asked about surplus. Trustees clearly need to be aware of just how much surplus they are giving to insurers, which will then lead to significant profit for their shareholders. The interviewer also asks about whether we could see a return to the old days of M&A chasing large surpluses in DB schemes - so sponsors you need to make sure you understand the size of the asset on your balance sheet.

When I first started talking about the Better Business Act and changing section 172 of the Companies act to align businesses with people and planet alongside profit as well as instilling a long-term mindset, I could see the quizzical faces. How does this tie with pension investments and fiduciary duty? Pensions for Purpose acts as an ecosystem and bell weather because of our diverse member base - more than 400 asset owners, investment consultants, independent adviser, professional trustee, insurer, legal, accounting, govt and academic organisational members. The thing that unites almost all of the organisations outside of the pension funds themselves is that they are companies - even the professional trustee firms that hold fiduciary duty. The Better Business Act made sense to me as a way to unite all of the actors advising, investing in and with pension funds. Fiduciary duty changes cannot achieve that alone. Why? Attempts to change businesses’ focus to people and planet alongside profit gets met with - ‘how can we do this without support from investors?’. Investors in turn say ‘how can we push the agenda when businesses are not aligned?’. And investment consultants sit inbetween trying to marry their business priorities with a need for long-term thinking (a significantly difficult feat without the regulatory support in place). The answer is that we need a concerted effort by big players in each of these camps to step forward and lead by example, from master trusts to large financial institutions to high street names. We need to align business and investment with long-term resilience by recognising people and planet - all stakeholders - and we need the regulators and government departments to understand this. It was great to help convene and be part of this discussion run by the Better Business Act and ShareAction at Hymans Robertson’s offices. We must be brave, bold and, ultimately, better. Please reach out if you are interested in joining further discussions on this.

Our annual pensions accounting survey is launched today, and as always a thumping good read. However, it wasn't the surpluses or the assumptions that most caught my eye ... it was the dramatic change in the pension contributions paid to CEOs. A third of CEO are now getting the same pension as their employees and this chart shows how the days of 25% pensions for the CEO are history, with 10% now the average. It shows what shareholder activism can achieve!

Ways we can bring the Better Business Act campaign together with fiduciary duty, to better align stakeholders in the pensions investment chain, were discussed at this roundtable convened by Pensions for Purpose with the Better Business Act and ShareAction at Hymans Robertson’s offices, in London today. The conversation was framed around understanding the interdependencies and connections between pension funds, their advisers and managers, and ultimately the businesses that their members work for and they invest in. Learn more about the Better Business Coalition here: https://lnkd.in/gBqhbVx #BetterBusiness #FiduciaryDuty #PensionsforPurpose https://ow.ly/oxLT50RFKsN

And there you have it. Or do you ? ➡ Adam is right, the adviser gap is also a big issue ➡ We believe if you use the right technology you can serve 100's of clients ➡ One of our new financial planners has onboarded 23 clients in 7 weeks, all paying regular premiums into a pensions. 😊 ➡ If you want to operate in this market it is possible Link in the comments to the full article #financialplanning #financialadvice #ifa #digitaladvice #summer ⛱ Adam Carolan NextGen Planners The Verve Foundation NextWealth Alina Khan

👉 Tina’s talks are packed full of insight. If anyone would like to hear the about ‘practicalities for stakeholders’ do get in touch, for an update - individually or group webinar. We’d love to hear from you 🤓 #pensions #mastertrusts #governance #definedcontribution

Here at Spence, we welcome the clarity brought forth by the Department for Work and Pensions (DWP) regarding pensions dashboards staging dates. This recent guidance on pensions dashboards is a significant step forward. We look forward to helping our clients engage with their members through Dashboards. 🔗 Read the official guidance here: https://lnkd.in/eXxaH5sM #Pensions #Guidance #Engagement #SpenceSolutions