Global Vision, Local Wisdom
Global Vision, Local Wisdom
2019 saw the number of staff in BWCI’s “10 year club” reach a significant milestone, with the number of members reaching 50 for the first time.
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We are delighted to announce the appointment of Jonathan Kemp as a Senior Manager in our Insurance Consulting team. Jonathan is also a director of BWCI Insurance Management Ltd and BWCI Insurance Broking Ltd.
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We have by now probably all experienced the impact of the European Union’s General Data Protection Regulation (GDPR) and local equivalent rules on our daily lives – more emails seeking permission to remain on mailing lists, more boxes to tick for activity on the internet, more things to agree to when checking into hotels, … A less conspicuous aspect of the new data protection rules is the impact on trustees of various employee benefit plans.
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A pension scheme secretary is much more than just a minute taker. In a landscape with increasing focus on good governance, having an effective scheme secretary in place can help ensure a well-governed, efficient scheme and optimise member outcomes.
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The UK Pensions Regulator recently released a consultation on the “Future of Trusteeship and Governance” and noted that there is a broad consensus across the pensions industry that good governance is essential for positive outcomes for pension savers. However, the Regulator’s evidence suggests that some schemes -particularly small ones- fall short of the standards expected. While the consultation relates to UK schemes, the importance of trustees having a good understanding of their scheme and the key issues is equally important for schemes more generally.
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