In this month’s edition of Pensions Age, partner Stuart O’Brien comments on the increasing pressure that pension funds are facing when considering the ESG issues of investing in defence companies. He argues that trustees must act within their trust’s law and fiduciary duties:
“Broadly speaking, these legal duties require trustees to exercise their investment powers
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Taking care of trustee business
In an article for Pensions Expert, senior counsel Naomi Brown explores the differences and similarities between running a pension fund and running a business – and what can be learned from each role. She concludes: “One way to help us all get the balance right is to think of ourselves as “taking care of trustee…
Sackers shortlisted in two categories for Women in Pensions 2024 awards
We are delighted that partner Claire Carey has been shortlisted in the prestigious ‘Lawyer of the Year’ category at this year’s Women in Pensions Awards, which will be hosted by Professional Pensions on 14 November.
Claire is shortlisted alongside ten other nominees for the award, all of whom we wish the best of luck.
We…
The General Election outcome
David Saunders, senior partner at Sackers, gives his initial reaction on what “change” might be on the cards for pensions.
“With Labour now confirmed as the new Government in office, all eyes are on what its priority destinations will be during the initial stages of its journey. Labour’s manifesto suggested that the pensions road ahead…
Sackers advises on £1.2bn buy-in for TotalEnergies UK Pension Plan
The Trustee of the TotalEnergies UK Pension Plan has completed a buy-in with Pension Insurance Corporation for £1.2bn. The transaction is the largest buy-in completed this year. It follows the Plan’s first buy-in with PIC for £1.6bn in 2014 and secures the pensions of over 2000 pensioners and dependants and 3,500 deferreds.
Rob White, chair…
Helen Ball comments on initiatives designed to improve retirement options for DC members
DC members have several options available to the to access their pension pot but many schemes do not provide all of these. Choosing the most suitable option can be a daunting task for members and trustees are limited in the support they can provide to members without falling foul of restrictions on giving financial advice.…
Sackers advises on £880m buy-in for Rolls-Royce & Bentley Pension Fund
The Trustee of the Rolls-Royce & Bentley Pension Fund, sponsored by Bentley Motors Limited, has completed a £880m buy-in with Standard Life, securing the benefits of c6,000 members of the scheme.
This is a full scheme buy-in transaction which included novation of the scheme’s existing longevity swap with Standard Life.
Kate Leigh, Trustee Director at…
DB scheme funding in a shifting landscape
Associate director Alex Anslow sets out the background to the new DB scheme funding regulations in a technical supplement published by Pensions Management Institute. It has taken a long time for the regulations to come to fruition and the current environment is very different from the one in which the new funding requirements were first…
Stuart O’Brien speaks at Future of Investment Festival 2024
Partner Stuart O’Brien was one of the speakers at Professional Pensions’ Future of Investment Festival in London on 5 June. He set out the current legal framework around fiduciary duty, and the potential routes for trustees to have a positive impact.
Stuart’s talk was reported in detail by Professional Pensions and can be accessed here…
Helen Ball comments on General Election announcement
“Aims to ensure greater consolidation across pension and retirement saving schemes, together with a focus on value for members, suggest that there is some common ground between the main political parties. However, the Labour Party has said it will be championing financial inclusion to ensure everyone has access to affordable products and services. It has…