Trustee governance
Managing a pension plan has never been more demanding or complex. Trustees have to cope with continuing legal change, financial uncertainty and growing guidance from the Pensions Regulator.
How we can help
We take a practical and cost effective approach to helping trustees improve pension governance. The range of our governance advice and services include:
- Making better use of trustee meeting time and improving decision making
- Clarifying the roles and responsibilities and information flows between the trustees, the employer, advisers and service providers
- Developing business plans and defining clear objectives
- Introducing risk management frameworks, including risk registers and monitoring processes that are tailored to the context of the trustees, scheme and wider organisation
- Refining governance policies and procedures
- Defining and implementing the trustees' service expectations and ways of working with advisers and service providers
Why LCP
Our flexible approach and innovative solutions mean we can help, no matter what the problem. Whether you are putting a formal process in place for the first time, or reviewing your existing arrangements we have the expertise to offer you clear advice.
Client testimonial
“The LCP approach to trustee governance is practical and engaging, focusing on what really matters. We found it an incredibly valuable use of trustees’ time, both for the direct benefit on the running of the scheme but, as importantly, on the trustees’ understanding of their role.”
James Kirkland, Group Pensions Manager
O2 Pension Plan
