Publications
Debunking the myths of moving pension arrangements
06 Oct 2023
DC Governance
Good governance underpins every effectively run DC scheme.
Whether it’s complying with 21st century Trusteeship requirements, regulatory codes and rules, or support with oversight or governance committees, trustees and employers need to seek ways to run their scheme well and achieve better outcomes for their members.
We can support your DC governance body (trustees or governance committee) to deliver best-in-class governance. Our bespoke service ensures a proportionate but high-quality approach is taken to suit your particular needs.
Our services include help with:
Innovative digital solutions
Our advice is underpinned by innovative technology and digital expertise. Adapting to an ever more digital world, we have over 200 digital experts ranging from data scientists, modellers, technical architects, developers to UX designers, all dedicated to creating transformative digital solutions.
Our digital first approach makes sure we’re harnessing the latest technologies and agile delivery to meet your needs. Powered by the latest cloud technology, our tools and solutions are best in class, and continually updated to keep up with the latest digital developments.
Examples of our digital governance solutions include:
- focalPoint is our secure online document library and meeting tool. It’s designed to help protect your information whilst running more efficient meetings. User permissions can be set to grant or restrict access to sensitive materials. It also works as a meeting manager allowing you to create virtual meeting packs at the click of a button.
- Periskope is a pension risk management tool which helps visualise risks and challenges on a heat map so you can quickly identify the biggest issues and priorities accordingly. It’s interactive features such as voting buttons work well in virtual settings to engage users and help with group decision making such as strategic decision making or evaluating board effectiveness.
How does Periskope work?
Our facilitated workshops start with identifying the areas of a problem to be explored. Periskope then collates individual views on several questions, by voting on a visual heatmap.
- Each individual is presented with all of the questions or challenges identified.
- They each drag and drop their vote into a position on the screen to indicate their view.
- The tool collates the individual responses for discussion, ensuring all individuals have an equal share of voice. Outliers often indicate an area for further discussion, or in some instances a training need.
- Once all the issues have been agreed, you can use the tool to look at the scores for each area in one image, to draw out a conclusion and next steps to the problem considered.
If you would like to learn more about our innovative digital solutions, please don’t hesitate to get in touch.
10 tips to deliver value
The role of a pension governance committee is critical to ensuring that you're getting the best value from your pension spend and delivering great retirement outcomes for your employees. We've put together our top 10 tips to help you improve the way your governance committee operates and ensure that you're getting the best from your committee.
Risk sharing - an age old solution to the old age problem
As increasing numbers of DC savers come to retirement in future years it's clear they need help in maximising their income, while managing their savings. The Chancellor’s Mansion House speech put CDC firmly on the agenda as a new risk sharing approach. But there are many flavours of risk sharing available which can be applied to meet the needs of different members.
Master Trust Default Fund Performance Review
In the latest edition of our Master Trust Insights, we assess the impact of Master Trust default fund performance on member outcomes.
Featured Insights
See our latest thinking on the issues impacting defined contributon pension schemes.
Insights
1/2
We appointed Hymans Robertson as our DC governance adviser earlier this year as we felt their approach was fresh and different to others that we met. Since their appointment, they have helped us to take a step back and consider what we are aiming to achieve with the plan and what factors are likely to have the biggest impact on our members’ outcomes. This has allowed us to focus our time and efforts in the right areas and to tackle our key priorities in terms of driving the plan forward.
Client - DC Governance
2/2
Hymans Robertson’s approach to DC governance has been particularly helpful in demonstrating the scale of challenge we have. Pleased with the way the various inputs (objectives, quality features, risk plan, regulatory change...) have been coherently put together to formulate a clear overarching pension strategy.
Client - DC Governance
Putting risk management at the heart of governance
In this interview with PMI, Laura Andrikopoulos shares the key features of a resilient pensions board, how DC schemes can achieve ‘meeting resilience’ and the attributes of a resilient adviser.
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