The regulatory landscape is constantly changing and evolving. As pension schemes attract greater scrutiny from stakeholders and wider society, good governance is essential to managing and mitigating risks.
In recent times, an increasing number of risks have emerged, impacting all aspects of scheme management. From retroactive issues on GMP, to forward looking uncertainties on ESG and climate change, schemes need to be agile to develop and enact strategies.
Regulation has been equally fast to develop, with the Pension Schemes Act 2021 causing a paradigm shift. All the while, financial reporting remains as crucial as ever to bring transparency to stakeholders.
PwC have a network of experts dedicated to specialisms in all aspects of regulation, compliance and governance, allowing us to deliver market leading solutions for every client.