Having a clear purpose and strategy, the right skills and experience available, managing risks and conflicts of interest, and making sure the pension scheme provides value for members.
You must establish and operate internal controls that enable you to identify, evaluate and manage the risks that relate to your scheme.
Make sure the people on your trustee board have the skills, knowledge and experience to run the scheme well.
Having a business plan so that you manage your scheme effectively and get good outcomes for members.
Guidance on skills and knowledge needed by trustee boards and the systems and controls they should have to manage risks and conflicts of interest, and provide value for members.
Free online learning on managing risks and making sure that the governing body has the right skills and experience. You must log in or sign up to use the Trustee Toolkit.
