Governance and Risk Management

Engaging with Trustees to achieve their objectives.

Get in touch

Our services

Assurance of controls

Documented risk assessment

Monitoring governance framework

Trustee effectiveness

Assurance of controls

Do you have appropriate controls in place?
Are the controls working?
Are members receiving the correct number of benefits?

Documented risk assessment

Have you considered your appetite for risk?
Are you getting the right information at the right time?
What are the key operational risks of the scheme?

Monitoring governance framework

Do you have a business plan?
How is the performance of the scheme monitored against the business plan?
Do you know who is responsible for what?

Trustee effectiveness

Do you have the right skills and experience?
Are you using your advisors productively?
Are Trustees getting the right support?

Download our interactive pdf.

Governance and Risk Management Assessment

These are just some of the questions you should be asking when assessing governance. Our guide looks at the areas you should consider and gives you a step-by-step guide on to proceed.

Case studies

Internal audit

Challenge

The Trustees recognised the need for additional assurance from an internal audit function, to confirm that the controls identified in their risk register were operating effectively.

Solution

We carried out an assurance mapping exercise with the Trustees to identify where they were currently receiving independent assurance over the operation of controls from their external auditors and other advisors, and where there were gaps.

Outcome

Assurance of controls

Challenge

All schemes are at different stages on a journey to self-sufficiency. This scheme was undergoing significant changes in their governance and investment strategy and the Trustees wanted to ensure that current risk framework in place was still fit for purpose.

Solution

We worked with the Trustees to map their information flows and the impact of the changes on the risk register. This included consideration of the risk levels of each area of the risk register after considering the changing risk appetite of the Trustees.

Outcome

The risk process is now embedded in the Trustees’ day- to-day risk management process and provides comfort to Trustees over the governance structure of the scheme throughout the year.

Andrew Penketh

Head of Pension Funds

London

+44 (0)20 7842 7355

Read full CV

mail 