Governance services

We find that it can have a positive impact on the risk management and planning processes undertaken by pension scheme trustees. So, for governance to be successful, it needs to be ‘active’ – not a tick in the box once a year. Good governance is integrated with the business of the trustees, driving the agenda and helping focus attention on what needs to get done.
 

 Overview

 
We work with our clients to develop:
  • risk controls and processes to ensure the interests of scheme members are properly looked after
  • a method of monitoring and reviewing their pension scheme’s assets
  • a clear understanding of their sponsoring employer’s covenant
  • a considered approach to trustee training, with the aim of developing understanding so that trustees can constructively challenge the advice they receive
More information can be found in our Governance Guide in the read more section to your left.

 

 Insights and views

 
    PPF confirms details of 2016/17 levy
    15 January 2016

    ​On 17 December 2015, the Board of the Pension Protection Fund (PPF) published final details of how the 2016/17 levy will be calculated.

    Read full briefing note here

    Read more
    IRM… what does it look like?
    15 January 2016

    ​In December 2015 the Pensions Regulator (TPR) published its long-awaited guidance on what Integrated Risk Management (IRM) may look like and how trustees should go about putting it in place. The guidance effectively expands the material on IRM provided in Code of Practice 3: Funding of defined benefits, which has been effective since July 2014.

    Read full briefing note here

    Read more
    Ten key dates for trustee diaries in 2016
    8 January 2016

    ​2015 was one of the busiest years ever for pensions, with the introduction of the new pensions freedoms in April 2015 creating particular challenges for the trustees of both defined benefit and defined contribution schemes. A look ahead at some of the key dates in trustees’ calendars shows that there will certainly be no slowing of the pace in 2016. In addition, there are a few possible developments that we may see in 2016 that could have the potential to blow existing pensions planning completely out of the water.

    Read full news alert here

    Read more
    Hot topics for companies in January 2016
    5 January 2016

    ​An increase in the level of corporate bond yields is positive news for pension scheme accounting deficits and company balance sheets. We take a look at market conditions and accounting assumptions at the 31 December 2015 year end in more detail.

    Read full bulletin here 

    Read more
    New draft DC Code of Practice
    21 December 2015

    ​On 24 November 2015, the Pensions Regulator (TPR) published its new draft Code of Practice on the governance and administration of trust-based occupational defined contribution (DC) schemes. It is subject to consultation, which closes on 29 January 2016, and the final Code is expected to come into force in July 2016.

    Read full briefing note here

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments
 

 Online services

 
    Risk evaluator
    An online tool that looks at five key areas of risk and gives trustees an initial high level review of the quality of the governance procedures in place.
    Read more
    Visit the Online services area to access our full range of online modelling tools and facilities
 

 Events

 
    Speak to us

    Speak direct to our specialists in this area
    Kevin Burgess
    Head of Governance Services
    Or call us on
    020 3327 5000