The Governance business of P-Solve is focused today on the requirements of our Pension Scheme clients although we believe many of the principles and practices established within this business have application to many other client groups.
Governance is representing the interests of the primary stakeholder to ensure that, as far as possible, their objectives are met. It involves:
P-Solve provide a framework whereby the Trustees of pension schemes can demonstrate to the Pensions Regulator or members and other Stakeholders of the scheme that they have acted in a responsible and prudent manner in governing their scheme.
Many Pension Scheme Stakeholders will be all too aware of the increased governance environment that UK pension schemes now have to operate in. The Governance business assists Trustees and other Stakeholders in properly governing their investments on an ongoing basis. Some of this is concerned with the various monitoring functions that demonstrate effective and responsible governance. Governance also covers addressing training needs and ensuring complete and representative processes, structures and documentation is in place.
A brief list of "standard" governance services is set out below:
It should however be noted that we endeavour to work closely with each of our clients to understand their individual needs and requirements, so governance packages can vary widely from scheme to scheme.
