Good governance for pension schemes
By: Paul Thornton, Donald Fleming
Contributors: Fleming, Donald
Series: Law practitioner series
Publisher: Cambridge University Press
Published: 2011
Place of publication: Cambridge; New York
Language: eng
Number of pages: 310
ISBN-13: 9780521761611
Subjects: Law and legislation; Pension trusts; LAW / Corporate
Description: "Regulatory and market developments have transformed the way in which UK private sector pension schemes operate. This has increased demands on trustees and advisors and the trusteeship governance model must evolve in order to remain fit for purpose. This volume brings together leading practitioners to provide an overview of what today constitutes good governance for pension schemes, from both a legal and a practical perspective. It provides the reader with an appreciation of the distinctive characteristics of UK occupational pension schemes, how they sit within the capital markets and their social and fiduciary responsibilities. Providing a holistic analysis of pension risk, both from the trustee and the corporate perspective, the essays cover the crucial role of the employer covenant, financing and investment risk, developments in longevity risk hedging and insurance de-risking, and best practice scheme administration"--
Notes: Includes bibliographical references and index.
Table of contents: title: Introduction / Paul Thornton and Donald Fleming; title: Regulatory and supervisory context for occupational pension provision / John Ashcroft, Juan Yermo and Fiona Stewart; title: Pension funds and the capital markets / Barry Riley; title: Social responsibility and fiduciary duties of trustees / Paul Watchman; title: Good trusteeship / Eddie Thomas; title: Conflicts of interest / Ian Gault, Samantha Brown and Susanne Wilkins; title: The pension schemes in the employment package / Wyn Derbyshire, Stephen Hardy and David Wilman; title: Employer support and the development of the sponsor covenant concept / Paul Thornton and Donald Fleming; title: Establishing the funding requirements of pension schemes / Martin Slack; title: Effective oversight of pension administration / Avgi Gregory; title: Investment governance of defined benefit pension funds / Roger Urwin; title: Hedging investment risk / David Konotey-Ahulu; title: Managing longevity risk / Chinu Patel; title: The role of insurance in the occupational pensions market / David Collinson; title: Pensions : a corporate perspective / David Blackwood; title: A note on the investment management of defined contribution schemes / Paul Thornton; title: Effective investment governance in defined contribution schemes / Dietrich Hauptmeier and Graham Mannion; title: Inside pension scheme governance / Simon Deakin.