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.


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

    Social Housing Pension Scheme (“SHPS”) – 2014 valuation and benefits review
    26 March 2015

    SHPS has recently written to participating employers to provide preliminary results of the 30 September 2014 valuation which, as expected, confirms a significant increase in contribution requirements. This note summarises these preliminary results and also provides details of the results of the employer consultation around future service defined benefit structures from 1 April 2016 and other considerations for SHPS employers.

    Click here to read the briefing note

    Read more
    Chancellor extends Flexiday freedoms and cuts lifetime allowance (again)
    18 March 2015

    ​In the last Budget of this Parliament, the Chancellor announced plans to extend the Flexiday   freedoms from April 2016 to individuals who have already purchased an annuity, by reforms intended to create a secondary annuity market. He also announced plans to cut the lifetime allowance from its current level of £1.25M to £1.0M.

    Read full news alert here

    Read more
    Issue 11: Flexiday - DB to DC Transfers
    17 March 2015

    ​It now seems a long time since the second note in our ‘Countdown to Flexiday’ series in which we discussed fears that defined benefit (DB) to defined contribution (DC) transfers would be banned. In this note, the eleventh in the series, we discuss the latest developments on DB to DC transfers and the implications for trustees and employers.

    Read full briefing note here

    Read more
    Briefing Note Contracting Out
    13 March 2015

    The new single tier state pension will be introduced on 6 April 2016, replacing the existing basic state pension and state second pension (S2P). At the same time, the option for defined benefit (DB) schemes to contract out of S2P will cease to exist. Employers with open contracted-out DB schemes will therefore need to decide how to respond to the abolition of contracting out. A new set of regulations provides one possible route for employers to amend their rules.

    View full briefing note here


    Read more
    Longevity risk: The role of the reinsurer
    12 March 2015

    Many market commentators focus on the growth of the bulk annuity market, speculating how pricing could change as it grows and when a significantly greater proportion of pension scheme liabilities might move to the insured market.

    Click here to view full De-risking Bulletin

    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


    Getting Ready for Your Next Pension Scheme Valuation
    24 September 2015
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and 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