Pension governance is the process and framework for managing and administrating a pension plan and the relating pension funds. The objective of the process and framework is to ensure the Plan can deliver on its pension promise to meet its fiduciary obligations.
Good governance provides for a system of reporting processes, combined with checks and balances that allow fiduciaries to confidently certify the compliance required under pension legislation and demonstrate that fiduciary duties of prudence have been met. A thorough governance review adapts to the unique circumstances of your plan and a detailed report provides feedback, recommendations and best practices for going forward.
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