Workplace DC pension scheme governance
Meet our workplace pension scheme governance specialists
Ensuring your workplace defined contribution (DC) pension is well run brings many benefits, including better value for money, improved employee appreciation and understanding and more efficient administration.
Many employers choose to set up a pensions management committee to oversee their workplace pension scheme (such as a group personal pension) and help pension members achieve a good outcome from the pension plan. The Pensions Regulator recognises one good way to make sure your pensions governance committee is effective is to use the knowledge and experience of pension trustees. Our friendly team of DC pension experts can help you reach your scheme governance goals.
Services for workplace pension management committees
Our workplace DC pension scheme services are designed to make sure your pensions committee is focused and effective, that committee members are well trained and that, together, they have the skills and knowledge needed to properly manage your pension plan for the benefit of members.
Our services include:
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establishing or reviewing your pension governance committee – looking at terms of reference, balance of membership, operational effectiveness, management information reporting & analysis
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acting as governance committee chair – whether analysing pension investments or the effectiveness of member communications, your committee can share and learn from our wide-ranging DC scheme expertise
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committee member training – we can see gaps in your pension governance committee’s knowledge – eg ESG & sustainability in investments or diversity & inclusion – and deliver tailored training for individuals and groups
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member communication reviews – with years of experience of explaining defined contribution (DC) pensions and the decisions DC members need to take, our specialist communications team have specific knowledge and a unique insight into how to make member communications effective
We are completely independent and balancing the needs of employers and pension scheme members is what we do. Our professional, accessible pension secretaries provide guidance and support with all pension management committee operations, from agenda setting and minute taking to establishing and monitoring pension scheme risks. Our in-depth understanding of pensions regulation means you and your pension governance committee don’t need to turn to an expensive third party adviser for assistance.
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