- Defined benefit (DB)
- Defined contribution (DC)
Governance Health Check
What is the Governance Health Check?
The Governance Health Check is our review of governance processes and procedures. We check key governance points so we can confirm whether effective governance measures are in place. If we identify any governance gaps, we raise them with you and suggest the actions needed to address them.
The Health Check focuses on:
- conflicts of interest
- risk management
- trustee training
- breaches of law and whistleblowing
- procedures for dealing with disputes
- balance of powers
- trustee board business planning
Why is the Health Check important?
Good governance is essential to the running of any pension scheme. It ensures good outcomes for members’ retirement savings and enables time and scheme resources to be managed efficiently.
In recent years we have seen a significant increase in the emphasis that the government, TPR and the pensions industry place on governance. TPR’s recent discussion paper on 21st century trusteeship and governance demonstrates this increased focus on the governance and trusteeship of occupational pension schemes.
As such, it has never been more important for schemes to ensure that the governance arrangements they have in place are fit for purpose.
To find out more about our Governance Health Check, please contact us at firstname.lastname@example.org
For more information