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

 
    Are pension schemes changing their approach to bulk annuities?
    11 August 2017

    It has been 10 years since the term ‘buy-in’ was coined. Initially buy-ins were for all pensioners in a scheme. As the market has evolved and schemes have become more sophisticated in their approach, subsets of pensioner liabilities are now being insured. We are working with clients to build bulk annuity purchases into their journey plans to get them to buy-out efficiently. This approach brings with it questions and decisions for trustees.

    Continue reading here

    Read more
    Scheme funding: the Regulator’s tenth analysis
    3 July 2017

    In June 2017, the Pensions Regulator (TPR) published its tenth annual analysis of valuations and recovery plans, covering valuations with an effective date between 22 September 2014 and 21 September 2015. The analysis covers scheme demographics, assumptions used and details of recovery plans.

    Read full briefing note here

    Read more
    Pension scheme levies 2017/18
    3 July 2017

    ​Pension schemes are subject to a number of different levies. This briefing note collates previously published information to help schemes understand how much they can expect to pay in 2017/18.

    Read full briefing note here

    Read more
    Queen’s Speech: 27 proposed Bills but no Pensions Bill
    21 June 2017

    ​Today (21 June 2017), the Queen announced the Government’s legislative programme for the next two years, rather than the usual one, at the State Opening of Parliament. As expected, Brexit bills dominate the Government’s agenda, with a host of proposed new laws designed to prepare the UK for a ‘smooth and orderly’ departure from the European Union. 

    Read full news alert here

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    IRM – Are you maximising the chance of achieving your pension scheme’s objectives?
    14 June 2017

    Integrated risk management (IRM) was a key theme of the annual funding statement published by the Pensions Regulator (TPR) in May 2017. An effective IRM approach can inform trustee and sponsor decisions on a scheme’s long-term strategy.

    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