TY - BOOK AU - Thornton,Paul AU - Fleming,Donald TI - Good Governance for Pension Schemes T2 - Law Practitioner Series SN - 9781139003643 (ebook) AV - KD3132 .T48 2011 U1 - 344.4101/252 22 PY - 2011/// CY - Cambridge PB - Cambridge University Press N1 - Title from publisher's bibliographic system (viewed on 04 Apr 2016) N2 - 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 UR - http://dx.doi.org/10.1017/CBO9781139003643 ER -