News in brief - 29 May 2020

Dalriada Trustees has seen 31 of its professional trustees successfully gain accreditation from the Association of Professional Pension Trustees (APPT).

Nine of the number are now fully accredited trustees, with the remainder provisionally accredited due to a short delay in holding the soft skills exam amid Covid-19. The company employs 40 trustees and said the nine newer members of staff are also set to undergo the accreditation process. The APPT’s accreditation regime, which was launched in April, requires trustees to demonstrate their competency through two exams covering both technical and soft skills, as well as demonstrating that they are fit and proper, through criminal record and professional reference checks.

The Skanska Pension Fund has appointed Trafalgar House appointed to provide pensions administration services.

The Skanska Pension Fund, which has more than 7,000 members and over £750m-worth of assets, said the administrator had demonstrated the right combination of technology, expertise and focus on member experience. Trafalgar House client director, Daniel Taylor, said: “What makes this doubly pleasing is that Skanska had the confidence to launch the service into live operation despite the current challenging conditions. This is a testament not only to the hard work that has gone into the transition process, but also the robustness of our business continuity planning.”

Cornerstone Asset Management has launched a free new pensions review service.

The Snapshot initiative aims to provide people with the key information they need to know about the performance of their retirement savings. The service aims to offer reports within seven days which will detail how individual pension investments have performed over the past five years, detailing what progress funds have made over the period. Cornerstone, which will not include any financial advice with the reports, said the initiative also has an overall objective of encouraging more efficient savings and personal finances.

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