Pensions week 2024
With pressures arising from increased regulation and market volatility, keeping up-to-date with the latest developments within pensions sector has never been more important.
Pensions week is a fantastic networking opportunity for the pensions sector to attend (at a time that suits) to hear from RSM’s specialist pensions team, external experts and to reflect on the significant developments that have impacted pension schemes in 2023. Now that the General Code has been laid before parliament and will soon be upon us, this is a great opportunity to share best practice and what trustees will need to be prioritising during 2024 and beyond.
Watch our sessions on-demand
- Mansion house proposals
- Trustee effectiveness
- The General Code and cyber
- Dashboards
- Covenant
- How to create your ORA
Mansion house proposals
Putting them into practice
In this session we considered what the chancellor was seeking to achieve with his proposals; whether it has all come too late for Defined Benefit (“DB”) schemes; what is expected of DB scheme trustees and sponsors; and the infrastructure required (legislative, regulatory and beyond) to make them workable; and are they even ambitious enough.
Trustee effectiveness
A different perspective
In this session Karl George, RSM’s head of governance presents some considerations for trustees in carrying out their roles effectively, reflect on the principles of effective and successful trustee governance models and how these are applied within the pensions industry.
Philip Briggs chairs a panel discussion to debate wider governance practices inside and outside of the pensions industry.
The General Code and cyber
What does the General Code mean for cyber risk?
The introduction of the General Code has been a long time coming and it feels as though trustees and schemes have been gearing up to comply for some time.
We welcomed You Yu from The Pensions Regulator to discuss what the requirements are and what trustees and their advisors need to be considering to ensure schemes are aware of cyber threats, have processes in place to prepare and react to them, and can meet regulatory expectations.
Dashboards
Are you on track?
The requirement to connect to pensions dashboards will soon be upon us.
Occupational pension schemes with 100 or more relevant members must connect to the pensions dashboards. In this session we welcomed Angela Bell, industry outreach lead from The Pensions Regulator who explained why dashboards are important, what trustees need to do to meet their duties, where to go for help and support and what to expect from the Regulator.
Covenant
Covenant and the new regulatory environment
With the eagerly and long-awaited release of the final DWP Regulations and revised DB Funding Code, Guy Mander, partner, RSM and Guy Jackson, partner, RSM take a look at what the changes (or likely changes) in the regulatory environment will mean for trustees and sponsors from a covenant perspective in 2024 and beyond.
How to create your ORA
What will it look like?
The new ‘General Code’ from The Pensions Regulator (TPR), emphasises trustees of pension schemes having a ‘risk management function’, alongside an effective system of governance (ESOG).
Our panel of experts discussed practical tips, recommended approaches, and good practice around:
• Pension scheme risk management function.
• ESOG.
• Importance of internal controls.
• Own Risk Assessment (ORA).
