Pensions Governance & Administration

Operating a pension fund is an increasingly complex enterprise, requiring a high degree of expertise and skill.

Pensions Governance & Administration

Overview

We advise trustees and employers on the full range of day-to-day governance and administration matters, as well as major projects such as scheme mergers, demergers and winding up.

LiabilityManagementGovernance & AdministrationOutsourcing,Data protection &CommercialContractsTaxInvestmentCorporateActivityDisputesFunding, Security& RestructuringDe-risking & Insured SolutionsDiversity &InclusionHR PensionsAdvice to trustees, employers and related parties on all areas of work.

The demands on trustees, scheme secretaries, pension managers and other pension professionals (whether trustee or sponsor-side) are increasing, with more complex legislative requirements and greater regulatory focus across defined benefit and defined contribution pension funds. Approaches to pension fund operation may also shift with changes to a sponsor or its group, to the trustee board, to advisers or providers, or with major projects. There is a constant process of change management and just ensuring everyday compliance can be a significant challenge.

For instance, we can assist clients with:

  • questions of trustees’ decision making including fiduciary duties
  • questions of trustee liability and protection
  • reviewing or changing trustee governance arrangements
  • trustee training (including to meet knowledge and understanding requirements)
  • conflicts of interest policies and management
  • monitoring and managing risks
  • member-nominated trustee arrangements
  • amendments to rules and governing documentation
  • administration and benefit queries
  • defined contribution investment platforms
  • defined contribution charges and governance
  • individual and bulk transfers
  • pension scams
  • automatic enrolment
  • new pension arrangements
  • self-invested personal pensions (SIPPs)
  • master trusts
  • excepted group life trusts and policies
  • guaranteed minimum pensions (GMP) issues
  • issues relating to contracted-out benefits
  • discrimination
  • same-sex marriage
  • equalisation
  • member complaints
  • adviser and provider appointments and management.

Industry appointments

We participate in a wide range of pensions industry groups. See our full list of industry appointments

Work examples