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Governance and Risk Management

Engaging with Trustees to achieve their objectives.

Amidst the challenging environment Trustees face, compliance with regulatory requirements and conducting comprehensive risk management reviews are essential for effective governance of pension schemes.


Our dedicated team support Trustees managing both defined benefit (DB) and defined contribution (DC) pension schemes. Our team is multidisciplinary with specialists in internal audit, assurance and cyber security. Effective risk management involves identifying, assessing, and mitigating risks that could impact the scheme's ability to meet its obligations to members. We have the expertise to support Trustees and navigate the challenges.

Services

Specialist advice and support

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

Thought leadership

Working together in the sector


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How are UK pension schemes applying the code of practice?

Our report looks at the developments since our last survey in 2021, Trustees can benchmark themselves against others and identify areas for improvement to ensure effective governance.

Find out more about our report

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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.

Download our interactive pdf

  • 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?

 

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

Our latest thinking

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women in interview
Amendment to VAT recovery rules for pension fund VAT
HMRC has announced a relaxation to its approach to the recovery of VAT by organisations on the costs of their Defined Benefit pension schemes.
Two ladies looking at laptop
Pension scheme annual reports
The Joint Industry Forum on Workplace Pensions is calling on the Government to amend audited accounts regulations.
woman on phone looking to the left
Section 37 Pension Schemes
Judgement on Section 37 could have an impact on pension schemes.
women in interview
Amendment to VAT recovery rules for pension fund VAT
HMRC has announced a relaxation to its approach to the recovery of VAT by organisations on the costs of their Defined Benefit pension schemes.
Two ladies looking at laptop
Pension scheme annual reports
The Joint Industry Forum on Workplace Pensions is calling on the Government to amend audited accounts regulations.
woman on phone looking to the left
Section 37 Pension Schemes
Judgement on Section 37 could have an impact on pension schemes.

Contact us


Andrew Penketh
Andrew Penketh
Head of Pension FundsLondon