Client feedback


The Trustee Training course is very good. Excellent coverage of material presented in an easy-to-digest manner and quality of presentation by both presenters.
Jonathan Williams ,
Bangor University
PSGS were overall more professional than others.
Paul Staniland,
Kier
We now have a very collaborative approach between trustees and employer.
Peter Millard,
Company Secretary, TRL Limited
Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.
Mark Atkinson,
Partner at CMS Cameron McKenna
In any major corporate transaction, time is of the essence. PSGS's pragmatic commercial approach helped us manage the pensions aspects of our group re-structure to ensure a positive outcome for all parties.
David Wilman,
CFO at Survitec Group
When requesting information by email, I have noticed that there is 'out of hours activity' to answer me. I regard this as a stand out 'above and beyond' - impressed.
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:

0118 207 2900

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PSGS IGC services

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PSGS GAA services

More details about Governance Advisory Arrangements


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