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

 
    Pension Protection Levies: Proposals for 2018/19 to 2020/21
    18 May 2017
    On 23 March 2017, the Board of the Pension Protection Fund (PPF) consulted on proposed changes to the levy calculation from 2018/19 to 2020/21. The main proposals relate to the insolvency scoring with the aim of improving its predictability. This includes the use of credit ratings, industry-specific scorecards for financial institutions, a reallocation of sponsors to scorecards and a possible move away from the 12-month averaging of insolvency scores.
     
     
    Read more
    Is the Pensions Regulator getting tough on scheme funding?
    16 May 2017

    ​The Pensions Regulator (TPR) has issued its annual funding statement aimed at trustees and employers undertaking valuations with effective dates between 22 September 2016 and 21 September 2017 (2017 valuations). Whilst many of the themes in the statement are familiar from previous funding statements, TPR appears to be taking a stronger position on some issues than it has done previously.

    Read full news alert here

    Read more
    CMI 2016… confirmation of a new trend?
    10 May 2017

    The Continuous Mortality Investigation (CMI) released the 2016 version of their model for projecting future improvements in longevity, CMI 2016, in March 2017. This version of the model allows for actual deaths up to the end of 2016 and projects lower future improvements in longevity than the 2015 version of the model.

    Read full briefing note here

    Read more
    Has the cut in the money purchase annual allowance been washed away?
    2 May 2017

    As a result of Theresa May’s call for an early general election being approved by the House of Commons on 19 April 2017, Parliament will be dissolved at one minute past midnight on 3 May 2017. 

    Read full news alert here

    Read more
    Discounting disconnect and limited longevity?
    6 April 2017

    Does the current low level of gilt yields create a false funding burden for sponsoring employers? Has the pace of increases in life expectancy finally tailed off? We seek to help sponsoring employers understand the issues and look at alternative approaches for pension scheme funding.

    Read full bulletin 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