ARIES INSIGHT:

  GUIDANCE ON THE MEANING AND IMPACT
  OF PENSIONS LEGISLATION CHANGES
 

  – click to see this month's example  

 
  NEW INVESTMENT RULES TO EXPAND SIPs
The Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019 (SI 2019/982) have been laid and require both defined contribution (DC) and defined benefit (DB) schemes to explain policies, in their Statement of Investment Principles (SIP), in relation to:

  • how they monitor the investee company on capital structure;

  • how targeted portfolio turnover

or turnover range is to be defined and monitored;

  • how they manage actual and potential conflicts of interest in relation to their engagement;

  • details of their arrangements with their asset managers; the duration of the arrangement, how the scheme incentivises the asset manager to align investment strategies and decisions, and

how they monitor portfolio turnover costs incurred by the asset manager;

  • publishing their revised engagement policies which explain, amongst other things, how they have cast their votes in the general meetings of companies in which they hold shares.

In essence this is all about stewardship: the responsible allocation and . . .

14 June 2019   Check other news items

Aries monitors every development in new and proposed legislation

Guidance on the meaning and impact of Pensions Legislation changes

25 Years experience working with over 100 top Pension Providers and UK Authorities

Clear and straight advice on putting Pensions Legislation changes into practice

Aries Insight gives the Big Picture and the Little Details

Ensure compliance with all Regulatory Requirements for Pensions

 
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