Great pension scheme governance doesn’t just ensure you’re complying with all the legislation you need to. It also helps drive increased efficiency in pension scheme management, improvements in value for money and strengthens member engagement.
Whether you have a defined benefit (DB) or defined contribution (DC) pension scheme, our extensive experience of pensions management and scheme governance means we can help with:
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advice on understanding pensions governance requirements and practical measures to meet them
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assistance for pension trustees in the formulation of policies on conflicts of interest, internal disputes procedures etc.
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setting a governance strategy for your scheme and creating a framework for monitoring & managing pension scheme governance
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workplace DC pensions governance services for employers and for pension providers
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reviewing operational effectiveness, eg internal controls & compliance with The Pension Regulator’s general code
One of our clients had four separate defined benefit (DB) pension schemes with different pension trustee boards and only a few common advisers.
This case study shows how we maximised efficiencies by creating a common pension trustee board across the schemes, the challenges we had to overcome to make the new structure a success and the benefits gained by the client.
We help pension trustee boards, pensions managers and in-house pensions teams with a range of strategic and operational support, including: