GroupGroupBuck_BondGroup

Good governance isn’t a choice. It’s essential.

Workplace pensions are usually one of the biggest reward elements for employers and can be one of the most valuable assets for employees – but are you confident that your current approach is fit for purpose? Good governance doesn’t have to be a headache, Buck’s has a simple but effective solution to help deliver better outcomes for your scheme members and, where appropriate, help you meet The Pension Regulator’s governance expectations.

Save money and reduce risk with our governance toolbox

In an increasingly robust regulatory environment, pension scheme governance is an area all employers need to fully embrace. We’ve developed a suite of tools to help you focus on the things that matter – not only benefiting plan members, but also improving efficiency, ultimately leading to a better-run pension scheme.

Buck’s DC pension specialists assess your scheme’s governance needs in a straightforward and uncomplicated way, using a simple four-step process:

  • Step 1: Our experts take you through a simple, yet comprehensive review to assess your current governance situation, free of charge
  • Step 2: Our tried and tested tool produces a report calculating the red/amber/green status of each governance area, based on your results
  • Step 3: Our consultants take you through the results, along with our recommendations for how red/amber areas could be improved
  • Step 4: We help you prioritise your actions and work with you to implement your chosen solutions successfully

There’s a clear link between strong governance and achieving better member outcomes. Applying our governance toolbox to your scheme, you can:

  • Better understand if you’re receiving value for money from your service providers
  • Improve the experience for your plan members
  • Evaluate the risks and controls you have in place
  • Where appropriate, address all elements of the Regulator’s guidelines

What sets us apart

A unique approach to governance

Governance underpins everything that we do. Our consultants are passionate and enthusiastic, and understand that our clients need to be fully supported. Our depth of knowledge of the regulatory environment means our clients trust us to offer sensible, pragmatic solutions to their challenges.

We bring governance to life

To ensure trustees are fully engaged with the principles and benefits of good governance, we integrate real-life examples, using roleplay in a challenging and interactive way, to showcase the tangible benefits good governance can bring.

Ensuring depth of understanding

We don’t just tell you that you need to implement a new process – we explain why. How it will benefit you, how it will make the running of your scheme more streamlined and efficient how it will save both time and money, and how it will reduce risk.

Award winning

We work in partnership with you to support you along your governance journey, offering cost-effective, straightforward solutions. It’s an approach that works, as evidenced by being awarded the title of Governance Adviser of the Year at the 2020 Pension and Investment Provider Awards.

We’re here to help you

Governance in action: Window and door manufacturer pension scheme

A review with Buck identified some areas in need of review and improvement.

We worked with the scheme to undertake the creation of a business plan clearly setting out the ongoing governance objectives for the next three years.

The client team now feel more confident and better equipped to demonstrate the high standards of governance they had in place.

Contact us today about improving your scheme governance

Resources

For additional insights on our governance expertise in action, check out our latest thinking.

For access to our latest pensions news and analysis, register here.

Video

Governance counts: Communicating with pension savers in a virtual world

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Video

Governance counts: Document signing in a virtual world

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Video

Governance counts: Trustee discretionary decisions in a virtual world

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Blog

Please don’t leave governance behind

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Blog

Nobody puts governance in a corner

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