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Good Governance for Pension Schemes

Good Governance for Pension Schemes

Name: Good Governance for Pension Schemes
Brand: Cambridge University Press
SKU: 9780521761611
Price: 1891.50 HKD
Availability: OutOfStock
Author: Paul Thornton; Donald Fleming
ISBN: 9780521761611

Edited by Paul Thornton · Donald Fleming

Cambridge University Press July 2011

Specifications

ISBN-13: 9780521761611
Publisher: Cambridge University Press
Publication: July 2011
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

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.

Contents:: 1. Introduction; 2. Regulatory and supervisory context for occupational pension provision; 3. Pension funds and the capital markets; 4. Social responsibility and fiduciary duties of trustees; 5. Good trusteeship; 6. Conflicts of interest; 7. Pension schemes and employment; 8. Employer support and the development of the sponsor covenant concept; 9. Establishing the funding requirements of pension schemes; 10. Effective oversight of pension administration; 11. Investment governance of defined benefit pension funds; 12. Hedging investment risk; 13. Managing longevity risk; 14. The role of insurance in the occupational pensions market; 15. Pension risk from a corporate perspective; 16. Investment management of defined contribution schemes; 17. Effective investment governance in defined contribution schemes; 18. Inside pension scheme governance.