Specialist Governance Projects

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.

Services we offer ...

Effective boards make good decisions. From the inside, it’s hard to ensure that your trustees and suppliers are working effectively. That is why it’s best reviewed independently by an experienced assessor. We look at:

  • 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

and produce action-orientated objectives which seamlessly integrate within the business plan.

Effective governance is essential for the operational efficiency of every scheme. We review:

  • 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 and provide both quarterly monitoring and annual benchmarking
  • Trustee roles and responsibilities documentation
  • Committee terms of reference

Identifying and recruiting suitable MNTs can be difficult and time-consuming. We support MNT elections or selections and the surrounding framework.

This ensures boards have diverse and experienced individuals who can support schemes to reach their overall objectives.

We create and monitor effective IRM frameworks which clearly articulate:

  • Scheme objectives
  • 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

Pension schemes are managed through the policies and procedures they establish. It is essential that these are regularly reviewed and updated. We undertake:

  • Review and updating of existing policies in line with best practice and TPR requirements
  • Gap analysis and implementation of new policies
  • Periodic reviews

Where appropriate, we tailor our template policies for individual scheme requirements.

Case Study

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What our clients say ...

“The Inside Pensions team’s professionalism and attention to detail is reflected in the quality and delivery of their work and input at Trustee meetings”

Trustee Director Cemex UK Pension Fund