As part of its drive to eradicate poor governance, The Pensions Regulator has launched its 21st century trusteeship initiative. This is likely to place more Defined Benefit schemes under closer scrutiny.
A growing number of trustees are turning to experienced scheme secretaries to help them run their schemes more efficiently and to provide a compliant governance structure. They can then focus their time on making key strategic decisions, in the knowledge their scheme secretary will oversee all aspects of pension scheme governance on their behalf.
A good scheme secretary delivers much more than tick-box compliance. They will:
- Put sound governance structures in place across the scheme cycle
- Keep accurate, compliant and up-to-date records
- Co-ordinate service provision across multiple advisers
- Move processes and actions forward in a timely and organised fashion.