Governance for Defined Contribution schemes

We can help set up a robust governance framework to keep your Defined Contribution scheme compliant and fit for purpose

Defined Contribution pension schemes come with employer responsibilities.

Contract-based Defined Contribution schemes offer a lighter administrative burden, compared to trust-based or Defined Benefit alternatives. However, employers still need to make sure the scheme is well run and that members receive good quality pensions.

How can First Actuarial help you get Defined Contribution scheme governance right?

We can help you set up a governance committee to monitor performance over time. This is the best way to make sure that your pension scheme is well managed and supported, with:

  • Investment options that are appropriate and perform well
  • An insurer that gives you all the support you need
  • Timely advice and information for your members
  • Minimal member costs
  • Reviews and updates to reflect new pension developments.

Get in touch

Need help with your Defined Contribution scheme governance? Get in touch with us today.

Find out more about our Defined Contribution services

Download our Defined Contribution brochure.

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First Actuarial case studies

Hachette UK

Hachette UK, one of the UK’s largest publishing groups, turned to First Actuarial to help improve staff engagement with pensions.

“One of the things I like about First Actuarial is that they’re very responsive. You never have to chase them for anything. They’re pragmatic and cost-effective.”

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RSPB

The RSPB was determined to minimise the impact of its new defined contribution scheme on employees, and appointed First Actuarial to support the transition and select a provider with strong ethical values.

“I would definitely recommend working with First Actuarial. Their consultants went over and above the call of duty to make sure the project progressed smoothly.”

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Bolton Cares

Taking responsibility for care services previously provided by a local authority, Bolton Cares turned to First Actuarial for help in setting up a competitive and affordable DC pension scheme for its staff.

“They’ve been really helpful and professional throughout the project, and we’ll use them again if we need specialist advice.”

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See all our case studies
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