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Good Governance for Pension Schemes.
Written from a governance perspective, this book brings together pension fund management and operation.
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge :
Cambridge University Press,
2011.
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| Colección: | Law practitioner series.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Good Governance for Pension Schemes; Law Practitioner Series; Title; Copyright; Contents; Figures; Tables; Contributors; Abbreviations; 1 Introduction; 2 Regulatory and supervisory context for occupational pension provision; Fundamental concepts; The development of private pensions, their regulation and supervision; The focus of regulation and supervision; Pension fund governance; What is good pension fund governance?; How is pension fund governance structured?; The regulation of pension fund governance; The role of the OECD; Governance problems; Regulatory solutions.
- OECD Guidelines for Pension Fund GovernanceSupervising pension fund governance; Competence/expertise governing body; Accountability; Internal controls; The governance of Pension Supervisory Authorities; Regulation and supervision of pension scheme governance in the United Kingdom; Regulatory context; Institutional context; UK regulation of occupational pension scheme governance; Supervision of occupational pensions governance in the United Kingdom; Conclusions; 3 Pension funds and the capital markets; Pension funds and long-term investment; Emerging from the post-war environment.
- How pension schemes provided finance for growthPension schemes in the great equity bull market; Attention switches to liabilities and bonds; Entering a period of turmoil; New definitions of scheme solvency; A reassessment of equities; Pension funds as suppliers of risk capital; The search for alternative asset classes; New approaches to risk; Consequences of pension scheme closures; The danger of a gap in the capital markets; 4 Social responsibility and fiduciary duties of trustees; Historical origins of fiduciary duties; The fiduciary duties of pension fund trustees.
- The duty to act for a proper purpose of the trustDuty to act in the best interests of the beneficiaries; Duty to act prudently; The organic nature of fiduciary duties; Recent developments: the pension fund industry in the twenty-first century; The Freshfields Report; Principles of responsible investment; Fiduciary Responsibility Report: 'Freshfields II'; Active ownership of pension fund assets; Pension fund governance; Conclusions; 5 Good trusteeship; Moving towards better governance; Structure, composition and operation of trustee boards; Structure; Composition and operation.
- Duties and responsibilities of trusteesPrudent man; Trustee knowledge and understanding (TKU); Accountability; Looking after stakeholders' interests; Members' interests; Employers' interests; Key issues on the trustee agenda; Getting support and help; Professional advisers and service providers; The sponsoring employer; Independence and liability; Independence; Liability for decisions; Conclusion; Appendix; The Pension Regulator's Codes of Practice (as at April 2011); 6 Conflicts of interest; Introduction; The legal framework; Conflicts of interest at common law; Self-interest conflict.