Client feedback


The trustee training course covered a wide variety of subjects which gives a good basis for future discussion and decision making during trustee meetings.
Jean-Paul Gobel,
Heerema
They deliver above expectation when the scheme has a particular challenge.
Ian Edwards,
Comet
Wish I'd had the opportunity to do the Trustee training course sooner!
Stuart Atkins,
Raleigh UK Ltd
PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
I learnt more than I expected to at the trustee training course. A good introduction to the trustee role.
Rob Hartley,
RSPCA
So much more proactive than the previous company. On the ball - thinking in advance of things needing doing - very proactive.
Paul Rudd ,
Chairman of Trustees, Express Newspaper
image for Workplace pensions | Pensions governance | IGCs | GAAs | Workplace governance committees

Governance for workplace pension providers

Financial Conduct Authority (FCA) rules require workplace pensions providers to have governance committees in place to ensure minimum governance standards are met.


The requirement applies to all providers of contract-based workplace pension schemes, including group personal pensions (GPPs), group stakeholder pension schemes and group self invested personal pensions (group SIPPs).

The type of pensions governance committee you need depends on how large and complex the scheme you operate is.

These governance committees will act in the interests of pension members, assess the workplace pension scheme's value for money and, when needed, raise independent challenge to you, the scheme provider.

Workplace pension governance committees: an effective solution

Independent Governance Committees (IGCs) must have a minimum of five members, including an independent chair.

  • PSGS is ideally placed to act as independent chair to (or member of) your workplace pension scheme’s IGC. With decades of experience acting as chairman of the trustees for pension schemes, our extensive knowledge and experience would be a valuable addition to your pensions governance committee.

Providers of smaller, less complex schemes may appoint an independent third party to act as a Governance Advisory Arrangement (GAA).

  • PSGS can provide an independent committee of five from our experienced pension trustee team; or three committee members to work with two individuals you nominate.

We can also provide professional secretarial services to pension scheme governance committees to ensure they are run efficiently, decisions are accurately recorded and actions are promptly followed up and managed.

To find out more about how we can help your IGC or GAA be truly effective, please contact us to talk it through.

Speak direct to our specialist in this area

Picture of Simon Riviere, client director at PSIT

Simon Riviere

Client Director

Or call us on:

0845 313 0024

Read more

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PSGS IGC services

Find out more about Independent Governance Committees

PSGS GAA services

More details about Governance Advisory Arrangements


Call: 0845 313 0024

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