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Very professional and engaged service.
Danny Nussbaum,
HR Director, Volvo
The work that has been done has been delivered beyond expectations.
Head of Trustee Services
When requesting information by email, I have noticed that there is 'out of hours activity' to answer me. I regard this as a stand out 'above and beyond' - impressed.
​Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.
Mark Assinder,
Bouygues
PSIT were overall more professional than others.
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Kier
The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.
Paul Coley,
The Altro Pension and Life Scheme
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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

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More details about Governance Advisory Arrangements

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