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.
Winner of Governance Adviser of the Year at the Pension and Investment Provider Awards 2020
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 administrator specialists assess your scheme’s governance needs in a straightforward and uncomplicated way, using a simple four-step process:
There’s a clear link between strong governance and achieving better member outcomes. Applying our governance toolbox to your scheme, you can:
Governance underpins everything that we do. Our pension 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.
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.
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.
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.
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.