Are you in safe waters?
In today's stringent regulatory market there is so much that trustees and
companies need to know and manage. It’s not surprising that more and more of
you are seeking expert help. Governance is the bedrock of protection, not just
for scheme members but also for the company and trustees who have to make major
decisions about running a pension scheme.
Clear Advice That Makes a Difference
Hewitt’s Governance specialists act as consultants to well over a hundred UK
clients, working alongside their existing advisers so that everyone involved
can be sure of establishing and maintaining a well-governed scheme.
Our comprehensive support ranges from providing permanent outsourced services to
seconding Hewitt staff on-site for several months at a time, conducting
governance and internal controls reviews and providing project and other
management support on many different types of pensions-related matters.
Our UK Governance team has a wealth of experience including working as in-house
pensions managers and secretaries to trustee boards. We provide an independent,
dedicated and respected service, of exceptionally high quality. By helping our
clients to obtain the resources they need, it enables them to concentrate on
their core duties and responsibilities.
Our services can be treated on a menu type basis, therefore enabling us to
tailor our proposition to meet your exact requirements, focussing on the areas
you see as being key.
Our Services
Our services are relevant for both final salary (DB) and money purchase (DC)
schemes. They include:
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Pensions manager;
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Secretary to trustees;
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Review of internal controls;
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Governance reviews;
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Project management (eg. of bulk transfers, wind-ups, mergers, benefit reviews,
scheme implementations etc.);
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Administration reviews;
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Adviser appraisals and trustee assessments;
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Trustee training (eg. to ensure compliance with TKU requirements).
Trustees and employer sponsors should be giving just as much attention to DC as
DB. Your DC arrangements may cover not only an AVC vehicle but also an
occupational DC scheme (possibly within an existing DB trust) and/or a separate
stakeholder or group personal pension plan.
Our full range of services applies equally to DC, so you can be sure that all
your governance requirements are met, taking the burden and risk away from you.
Complete Flexibility
The above services are not exhaustive and our preferred approach is to find out
exactly what you need and tailor our services accordingly. We operate on a
menu-type basis, so you can choose as many of these services as you require.
