Trustee Board Governance
Good governance is about having motivated, knowledgeable and skilled people involved with running the scheme. We work with trustee boards to make sure they have the right structures and processes in place to support all aspects of a trustee board operations.
Trustee Board Governance
As highlighted by TPR, a trustee board is responsible for the governance of the pension scheme. This is an important task and one that differs significantly from a management role. It’s the board’s legal duty to make sure the right processes, systems, people and procedures are in place to manage the scheme, its investments and the risks that can arise. Good pension governance is the basis from which all successful pension schemes are developed.
Effective governance requires motivated trustees that are able to bring diverse perspectives and work together to agree and deliver scheme objectives. Ensuring the correct processes and structures are in place to support the operation of the board are also increasingly important to meet the challenges facing todays trustee boards. The ability to make timely and informed decisions, assess and manage risk and establish clear scheme objectives are all highlighted in TPRs focus on demonstrating and Effective System of Governance (ESOG).
A robust and balanced pension governance framework helps trustees to perform their role effectively and successfully deliver the agreed scheme objectives. Trustee board governance should be proportionate, focused and support efficient scheme management.
Pi Consulting’s experience in designing and implementing pragmatic pension scheme governance solutions, will help you meet the challenges of the new Single Code and strengthen your risk management. Our independent perspective will enable a trustee board to focus on the key issues safe in the knowledge they are meeting all regulatory requirements.
Our Trustee Board Governance Services
We tailor our pension scheme trustee board governance service and fees to meet the specific needs of your trustee board working effectively with your existing resources. Our team are ready and waiting to extend their pension scheme trustee governance expertise to your organisation.
Have a question?
Contact us on 020 8879 6500 or enquiries@pipg.co.uk