Governance and risk management
Pinsent Masons Pensions Services has an excellent understanding of requirements for managing pension schemes and mitigating risks. We have access to top class technical and research material so that we keep abreast of changes in the market and regulation.
We can help with governance reviews, identifying and evaluating risk and providing suitable solutions and on-going processes for both defined benefit and defined contribution schemes.
Trustees are busy people and readily acknowledge their need for help to understand the mountain of regulatory requirements. It is therefore important that trustees work well and manage their professional advisers. We can help with this process and act as the ringmaster, coordinating activities.
As the stewards of their pension scheme, trustees need to have excellent controls and these need to encapsulate:
- internal controls
- conflict of interest
- regulatory needs
- collecting and investing contributions
- cyber security
- data protection
- chairman’s statement
- investment review