Appropriate governance structures and procedures are essential for any pension plan. Are yours as robust as they should be? Do they fit your corporate governance processes well? Are you even sure what they are?

Pension plans evolve in many ways over time. It is surprising how often the precise roles and responsibilities of those involved in running them are lost or forgotten.

UK listed companies will be used to the corporate governance requirements of the Combined Code and in particular the Turnbull report. The Government has indicated that if the fundamental principles laid out in the Myners Review are not adhered to, it will consider making them mandatory.

Our governance check reviews the current structure within which your plan operates and helps develop and revise that structure in places where it may currently be less than robust; analysing current roles, responsibilities and reporting procedures. We use the results to discuss a revised governance structure, including an analysis of the risks the plan is running and who is responsible for monitoring them.

Contact Lorraine Harper via email, or by phone at +44 (0) 7939 4414.