Buck Bond Group

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

We understand that governance can sometimes be a bit of a headache. Buck’s governance toolbox is a simple but effective solution to help you meet The Pensions Regulator’s governance expectations and deliver better outcomes for your scheme members. Are you confident that your current approach is fit for purpose?

Save money and reduce risk with our governance toolbox

In an increasingly robust regulatory environment, and with the impending requirement to produce an own risk assessment, pension scheme governance is an area all trustee boards must fully embrace. We’ve developed a suite of tools to help trustees tackle these challenges – not only benefiting plan members, but assisting trustees in focusing on key areas such as skills, experience, and behaviours, as well as diversity within their trustee boards. By doing so they improve the effectiveness and efficiency of the trustee board, ultimately leading to a better-run pension scheme.

Buck’s governance toolbox assesses trustee boards’ needs to best build an effective system of governance in a straightforward and uncomplicated way. We do this using a simple four-step process:

  • Step 1: Our experts take you through a simple, yet comprehensive review to assess your current governance situation, against the requirements of the new single code
  • Step 2: Our tried and tested tool produces a report showing the steps you need to take, based on your results
  • Step 3: Our consultants take you through the results, along with our recommendations for how you can improve and prepare for your first own risk assessment
  • 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 structures and achieving better member outcomes. Applying our governance toolbox to your scheme, you can:

  • Improve the effectiveness of decision-making at trustee meetings to ensure the best use of time
  • Address all elements of the Regulator’s new code of practice
  • Better understand if you’re receiving value for money from your service providers
  • Evaluate the risks and controls you have in place
  • Analyse the skills, knowledge, experience, and dynamics of your trustee board
  • Identify and meet trustee training requirements
  • Effectively prepare for your first own risk assessment

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 our trustees they need to implement a new process – we explain why. How it will benefit them, how it will make trustee meetings 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: Chemical manufacturer pension fund

Increasing regulatory requirements necessitated a fresh approach

Established a governance sub-committee and key areas for improvement: trustee board performance evaluation; risk register; strategic long-term objectives.

Trustee board now has clear, strategic aspirations which underpin every decision, plus a 12-month rolling training plan aligned to long-term objectives of the pension scheme.

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.

Webinar

Pension scheme governance and diversity: Change is coming – are you ready?

Watch the replay : Pension scheme governance and diversity: Change is coming – are you ready?

Video

Governance counts: Communicating with pension savers in a virtual world

Watch the video : Governance counts: Communicating with pension savers in a virtual world (opens in a new tab)

Video

Governance counts: Trustee discretionary decisions in a virtual world

Watch the video : Governance counts: Trustee discretionary decisions in a virtual world (opens in a new tab)

Blog

Please don’t leave governance behind

Read more : Please don’t leave governance behind

Blog

Nobody puts governance in a corner

Read more : Nobody puts governance in a corner