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⭐ ESOG: Overview & how it enhances pension scheme management. ⭐ Concerned about the need to set up, detail, and check your pension scheme's Effective System of Governance? Then we've got you covered. One of our latest knowledge posts covers the ESOG, and how the General Code of Practice brings this element of pension scheme management to the fore. https://lnkd.in/eEZYTcv8

A handy overview and checklist for the ESOG element of the General Code of Practice. As the article says, even if you have an established system for your pension scheme management, it is still worth checking that it is to the level now required by the General Code. Better safe than sorry, and all that. 😉

What are the four key dashboard data questions that will need to be addressed in 2024? Oliver Topping outlines some of the key issues for trustees as they prepare for the introduction of pension dashboards. You can read Oliver's article in full at Pensions Expert. Please note you will need a login for Pensions Expert to access. https://lnkd.in/edT_Hnv2

The Pension Regulator’s new General Code of Practice brings together, and updates, the regulator’s ten existing codes of practice into one consolidated ‘trustee handbook’ for ensuring pension funds are run properly. But there’s more to the new code than just consolidation. Here’s a rundown of the key points before the code comes into force this month: https://lnkd.in/egYiMCu4

Automation can help to overhaul pension plan admin for the public sector. From reducing risk to enhancing security, here are our top five automations. 👇 #PensionsAdministration #Automation #riskmitigation

Automation can help to overhaul pension plan admin for the public sector. From reducing risk to enhancing security, here are our top five automations. 👇 #PensionsAdministration #Automation #riskmitigation

Pegasus Posts: Admin Remediation Pension scheme admin is firmly on the agenda for schemes. Whether the scheme is focused on delivering a buy-in, improving member comms or simply getting their house in order. Transferring any pension services, be it administration, actuarial or investment, from one provider to another is a big decision. At Pegasus, our first step when supporting clients tends to be remediation. We have had great success in improving the quality of service and working relationships between our clients and their administrators. The flyer below outlines how we go about the process and how remediation can benefit all stakeholders. A few key advantages are: - Remediation could result in a more efficient service, bring your service provision in line with current industry practices - Potential avoidance of going through the big risk of transferring to a new provider - Helps to identify service enhancements and/or contractual changes to strengthen the operation governance - Improved service to members When it comes to administration you will want to have confidence that your new provider will be both efficient and minimise the risk around transferring the data and scheme knowledge so that the right benefits are paid to the right members at the right time. Different administrators will work in different ways and our focus in on finding the best match for our clients. Be that through remediation or supporting in appointing a new provider. Do reach out to Andy Peek, Amanda Seal or Nicole Weiner ACC to find out more about the ways we support clients with scheme administration. #pensionsgovernance #pensionsadministration #adminremediation

Looking forward to understand how we can make the letter of authority process better

Navigating pension trusteeship: Insights from 2023 Trusteeship Survey The ever-evolving landscape of pension scheme governance, the role of pension trustees remains vital in ensuring sound decision-making & safeguarding the interests of scheme members. https://on.ft.com/42y1qXm

The name DORA might sound pretty innocuous but it is not one to be taken lightly. It is another regulatory requirement that will be quite far-reaching for pension scheme sponsors. It is yet another impetus to companies to move from a Single Employer Trust to the Master Trust model. At PwC, we provide employers with an independent perspective on how to mitigate risks associated with regulatory change. We help them to ensure that their retirement benefits programs are fit for purpose, while optimising member outcomes. Our latest Pensions Pulse will tell you more. https://lnkd.in/eZ7PVrxA