Pension scheme governance and the new Singular Code

Many pension schemes will already have implemented appropriately robust governance mechanisms, however, the introduction of the new Singular Code will require trustees to review and enhance traditional processes. For example, the new written policies in key areas such as:

  • Remuneration policies for those who run the scheme.
  • The appointment of advisors and providers.
  • Continuity and succession planning for trustees, advisors and providers.
  • The identification and management of advisor conflicts. 

Although many Trustee Boards will have some of these mechanisms in place, the arrangements may not be formally written anywhere. There will also be many business’ pension schemes that are yet to put these in place, so they need to start thinking about implementation. 

How can RSM help?

Across our various service lines, our skilled team of pension consultants and governance professionals have extensive experience of:

  • working with trustees in various governance areas; and
  • approaching governance from audit, covenant assessment and risk assessment perspectives.

Our pension advisory services are in place to help our clients achieve compliance with the 2018 Governance Regulations and feel assured that the business is meeting the guidelines necessary.

For more information on pension scheme governance, please get in touch with a member of our team: 

Philip Briggs Philip Briggs


Elisabeth Storey Elisabeth Storey

Audit Director

Jed Turnbull Jed Turnbull

Risk Assurance Services Partner

Howard Munson Howard Munson

Risk Assurance Services Director

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