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Governance

Effective pension scheme governance that meets industry best practice

Defined contribution (DC) pension scheme governance has become extremely important in recent years, not least because of the focus being placed on it by The Pensions Regulator (TPR). How do you ensure your members are achieving a good outcome from your scheme?

Fidelius has a structured approach to DC scheme governance that reflects TPR’s best practice guidelines. Our pension scheme clients receive full governance reports on all the key areas highlighted by the Regulator at least once a year at a formal review meeting. We also offer one-off reviews where employers would like a second opinion on their scheme’s governance process and can help clients establish pension scheme governance committees.

The aspects covered in Fidelius’ scheme governance reviews include:

  • communication – use of the various tools available such as group presentations, individual meetings, scheme website, helpdesk service
  • investment – options, default fund selection, fund performance and underlying fund/portfolio governance
  • contributions – overall structure, level of voluntary employee contributions
  • fees and charges – competiveness, transparency, appropriateness
  • compliance – new legislation, salary sacrifice, auto-enrolment and the new employer duties
  • service levels – provider, administrator and adviser

If you would like to find out more about how we can help you with scheme governance, please contact us on 0845 241 6500.

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Our team of consultants are here to help you with your employee benefits needs.

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0845 241 6500

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