Client feedback


PSIT was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
​I enjoy working with PSIT and we have a very positive relationship. I was new to pensions and found them very helpful.
Bruce Allison,
RTUK
Excellent service - as expected and why PSIT was chosen.
Stuart Barker ,
Independent Occupational Pensions Consultant, RSPCA
PSIT were overall more professional than others.
Paul Staniland,
Kier
The work that has been done has been delivered beyond expectations.
Head of Trustee Services
​Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.
Mark Assinder,
Bouygues
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Governance for workplace pension providers

Financial Conduct Authority (FCA) rules require workplace pensions providers to have governance committees in place to ensure minimum governance standards are met.


The requirement applies to all providers of contract-based workplace pension schemes, including group personal pensions (GPPs), group stakeholder pension schemes and group self invested personal pensions (group SIPPs).

The type of pensions governance committee you need depends on how large and complex the scheme you operate is.

These governance committees will act in the interests of pension members, assess the workplace pension scheme's value for money and, when needed, raise independent challenge to you, the scheme provider.

Workplace pension governance committees: an effective solution

Independent Governance Committees (IGCs) must have a minimum of five members, including an independent chair.

  • PSIT is ideally placed to act as independent chair to (or member of) your workplace pension scheme’s IGC. With decades of experience acting as chairman of the trustees for pension schemes, our extensive knowledge and experience would be a valuable addition to your pensions governance committee.

Providers of smaller, less complex schemes may appoint an independent third party to act as a Governance Advisory Arrangement (GAA).

  • PSIT can provide an independent committee of five from our experienced pension trustee team; or three committee members to work with two individuals you nominate.

We can also provide professional secretarial services to pension scheme governance committees to ensure they are run efficiently, decisions are accurately recorded and actions are promptly followed up and managed.

To find out more about how we can help your IGC or GAA be truly effective, please contact us to talk it through.

Speak direct to our specialist in this area

Picture of Simon Riviere, client director at PSIT

Simon Riviere

Client Director

Or call us on:

0845 313 0024

Read more

PSIT blog

Compliance, enforcement & penalties: a warning to trustees

Value for money and default funds in a flexible world

Governance challenges faced by DC schemes and what value for money actually means

PSIT IGC services

Find out more about Independent Governance Committees

PSIT GAA services

More details about Governance Advisory Arrangements

Workplace pension management committees

Making them valuable and effective for employers and members

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Independent Trustee Firm of the Year UK pensions Awards Independent trustee firm of the year

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