We work with schemes to ensure they achieve the highest level of governance for the benefit of their members. Working with every size and type of scheme allows us to bring a unique perspective to our governance practices.
Trustee Effectiveness Assessments
Overall approach, composition, roles, and responsibilities of the board
Make up, responsibilities, reporting and running of the committees
Pension knowledge and ongoing training programmes
Relationships with advisors, members, and sponsor
Management and meetings
Produce action-orientated objectives which seamlessly integrate within the business plan
Governance Framework Reviews
Effective governance is essential for the operational efficiency of every scheme.
Planning and agenda preparation to ensure meetings focus on key priorities and strategic decisions which are implemented effectively
The integration between the risk register, business plan and IRM framework to ensure they cohesively articulate the scheme’s objectives
All regular costs and value for money of advisors
Budgets, quarterly monitoring, and annual benchmarking
Trustee roles and responsibilities documentation
Committee terms of reference
Member-Nominated Trustee Selection
Identifying and recruiting suitable Member Nominated Trustees can be difficult and time-consuming. We support Member Nominated Trustee elections or selections and the surrounding framework.
This ensures boards have diverse and experienced individuals who can support schemes to reach their overall objectives.
Integrated Risk Management Framework
We create and monitor effective Integrated Risk Management frameworks which clearly articulate:
Risk capacity and appetite of the trustee and sponsor
The key risks which could affect the scheme’s ability to reach its objectives and the mitigating actions
Clear actions triggered by breach of pre-agreed parameters
Policy Development & Implementation
Pension schemes are managed through the policies and procedures they establish. It is essential that these are regularly reviewed and updated.
Reviews and updating of existing policies in line with best practice and The Pensions Regulator requirements
Gap analysis and implementation of new policies
Where appropriate, we tailor our template policies for individual scheme requirements.
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