We can help you assess your pension scheme operations and advise you on areas that could give rise to operational efficiencies, based on our experience across a breadth of clients of all sizes, including trustee clients, in-house pensions teams and public sector arrangements. We do so using a number of different methods, designed to address your specific concerns.
We were appointed to carry out a triennial governance and trustee effectiveness review for the pension scheme of a large UK Bank. The report resulted in a number of changes, including a restructuring of their committees, revising the terms of reference and reporting between committees and board, and ensuring all committee and board activities were aligned to the business plan.
Trustees and corporate pensions teams have more and more on their agendas, with many competing demands on their time. It is not uncommon for trustees to be presented with 200+ page meeting packs, often within a week of a meeting, which they are expected to digest in full and make informed decisions on.
Our traditional governance reviews include one of more of the following:
What does the new single code of practice mean for you? Our 8 step note sets out the practical steps trustees can take.
How Aon can help you understand gaps in your effective system of governance.
Our tried and tested approach 4-step Governance Viewpoints approach to help you review how your board runs.
How lessons learned from the COVID-19 pandemic can improve your pension scheme operations.