Pensions professionalsIn this
section

Funding

The funding of defined benefit pension schemes is a complex area. Advisers have a crucial role to play to support trustees and employers in carrying out their functions.

    Scheme governance and controls

    Advise trustees about how they must establish and operate internal controls that enable them to identify, evaluate and manage the risks that relate to their defined benefit pension scheme.

      Record-keeping

      Work with trustees of defined benefit pension schemes to help them achieve good record-keeping and efficient internal controls. This should help to ensure good scheme governance and that data is up to date, complete and accurate.

        Contributions

        Work with trustees of defined benefit pension schemes and employers to set their contribution rate, maintain a schedule of contributions and check that the employer makes the correct payments.

          Providing information to members

          Advise trustees on what information they need to make available to members, prospective members and other people entitled to benefits under defined benefit pension schemes.

            Conflicts of interest

            You should help your clients to identify, monitor and manage conflicts of interest that might or do arise in their role as trustees of a defined benefit pension scheme.

              Corporate changes and transactions

              This page applies to you if you’re appointed by trustees of a defined benefit pension scheme to help them to understand the impact of corporate changes and transactions on their scheme.

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