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
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.
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.
- 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?
The Budget offers little for growth, as complex capital allowances, higher dividend tax, NI hikes, and wage rises add pressure.
Capita fined £14m for cyber failings affecting 6.6m people, prompting urgent lessons for pension Trustees on data security.
The revised draft pensions SORP has now entered a three-month consultation, find out proposed changes and how to get involved.
The Budget offers little for growth, as complex capital allowances, higher dividend tax, NI hikes, and wage rises add pressure.
Capita fined £14m for cyber failings affecting 6.6m people, prompting urgent lessons for pension Trustees on data security.
The revised draft pensions SORP has now entered a three-month consultation, find out proposed changes and how to get involved.
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