We are by now well used to news stories on climate change and its effects on weather and our environment. The growth in the number of severe weather events such as hurricanes, heavy rainfall and droughts, and their effects such as melting polar ice, widespread flooding in the UK and the unprecedented bushfires in Australia… Continue reading Becoming genuinely green
Regulatory involvement with the stewardship of companies is not new. The widespread benefits of good corporate governance have long been recognised. So also have the temptations to relegate those wider benefits behind short-term financial gain. One corporate governance issue that has recently been the focus of particular attention involves the remuneration levels of directors and… Continue reading The wider responsibilities of investors
Ever since employers started moving away from defined benefit (DB) pension promises for their employees there have been challenges to ensure that people have sufficient income when they finally cease remunerated employment. There are many good reasons for the move to a defined contribution (DC) system. Employers benefit from greater control and certainty over their… Continue reading Helping retirement planning
The term ‘Black Friday’ was coined in Philadelphia, United States, in the 1960s where the chaos of post-Thanksgiving traffic caused congestion and even violence in downtown shopping areas. Obviously the retailers didn’t appreciate the phrase, particularly with its link to other similarly named days of the week – Black Thursday in October 1929 which saw… Continue reading Black Friday deals with a difference
[vc_row][vc_column][vc_column_text]Broadstone, one of the UK’s leading employee benefits and pensions consulting businesses, has announced the acquisition of Bristol-based BBS Consultants & Actuaries. Further strengthening its position in the pension and actuarial consulting marketplace, this is Broadstone’s fourth and largest acquisition in 2019 following the purchases of Liverpool-based CS Financial Solutions, Thomson Dickson Consulting in Glasgow… Continue reading Broadstone completes the Group’s largest acquisition of 2019
[vc_row][vc_column][vc_column_text]Since our last blog posting back in March, things have moved on considerably with regard to the participation of independent schools within the Teachers’ Pension Scheme (TPS). We have had meetings with a large number of independent schools and subsequently have started providing advisory services to many. We attended the ISBA Conference & Exhibition in… Continue reading Teachers’ Pension Scheme – lessons learned in the first half of 2019
Trustees and sponsors are fully aware that legislation allows them to embrace a degree of risk for funding. Indeed, the funding plans for almost all defined benefit (DB) schemes will have some exposure to covenant and investment risk. Less widely explored is the impact this risk has on members’ pensions. In particular, the fact that… Continue reading Calculating the impact of risk on defined benefit pensions
[vc_row][vc_column][vc_column_text]For the average Trustee Board, arguably the most challenging aspect of running a defined benefit (DB) pension scheme is making investment decisions. Whilst other aspects of running a pension scheme are usually heavily codified in the scheme rules, Trustees usually have the freedom to invest in pretty much whatever they like. It is therefore hardly… Continue reading Have you set strategic objectives for your investment advisers yet?
[vc_row][vc_column][vc_column_text] Second acquisition in three months drives Broadstone expansion Broadstone, one of the UK’s fast-growing employee benefits and pensions consulting businesses, has acquired Glasgow-based Thomson Dickson Consulting (TDC) to support its growth across consulting and actuarial. The business is owned and managed by actuaries Ann Marie Dickson and Andy Thomson who, along with all of… Continue reading Broadstone Group acquires Glasgow-based Thomson Dickson Consulting
After a short consultation period, Work and Pensions Secretary Amber Rudd recently gave the go-ahead for a new Dutch-style pension scheme to enter the UK market. The Collective Defined Contribution (CDC) pension scheme is likely to be rolled out slowly, but with the Royal Mail heavily involved in the inaugural pilot scheme. The CDC scheme,… Continue reading We’re going Dutch!