Governance

Governance solutions for trustees

At HPW we understand the growing complexities trustees of pension schemes face, particularly with the introduction of the general code of practice by The Pensions Regulator.

Governance requirements are increasingly demanding, and trustees face more scrutiny than ever to ensure compliance, manage risks and uphold the highest standards of scheme management. We recognise how challenging it can be to keep up with these evolving expectations and we are here to provide the expertise and support trustees need to navigate these changes effectively.

Expert support for navigating the general code of practice

The general code of practice places a strong emphasis on governance, requiring trustees to not only adhere to stricter standards but also demonstrate robust systems of oversight, risk management and decision-making processes. This can present significant challenges for trustees.

We have in-depth knowledge of the code’s requirements and we can help trustees ensure their schemes remain fully compliant while mitigating the risks associated with poor governance. We help trustees strengthen their scheme's governance practices and ensure all legal and regulatory obligations are met.

Simplifying governance for trustees

We work closely with trustees to implement effective policies and procedures, streamline decision-making and establish clear roles and responsibilities within the governance structure. Additionally, we provide resources to help trustees stay ahead of any changes in the regulatory landscape and maintain a proactive approach to governance.

Ultimately, our objective is to make trustees’ responsibilities easier to manage by providing them with the expert guidance they need to navigate the complexities of modern pension scheme governance. With our support, trustees can feel confident that their schemes are compliant, well-managed and operating in the best interests of members.

From regulatory compliance to risk management, HPW provides the expert guidance trustees need to manage governance with confidence.