Board effectiveness

Board effectiveness

Pension trusteeship

Governance

Transactions

Pensions communications

Non-pensions trust

Board effectiveness

Pension trusteeship

Governance

Transactions

Pensions communications

Non-pensions trust

Board effectiveness

Evaluating the effectiveness of your pension trustee board represents a key part of ongoing good governance and is expected by The Pensions Regulator. Our experts are here to help.

Why review your trustee board’s effectiveness?

  • assess your performance as individuals and as a board, both operationally & behaviourally
  • harness your collective strengths as a board to achieve peak performance
  • review how well things are running following the appointment of a new chair, onboarding of new trustees or a change in your board structure
  • benefit from fresh perspectives and new ways of thinking from independent experts
  • evaluate and enhance your strategic thinking and test the adequacy of your internal controls and processes
  • embed best practice in equity, diversity & inclusion (EDI)
  • build review processes into your Effective System of Governance (ESOG)
  • put in place Trustee Knowledge and Understanding (TKU) development and succession plans
  • demonstrate a commitment to improving governance to pension scheme members, the scheme sponsor and The Pensions Regulator

Meet our board effectiveness specialists

Being independent, impartial and objective makes us perfectly placed to review the effectiveness of your pension trustee board. Our board effectiveness experience, pensions expertise and trustee and chair perspective – gained from doing the job ourselves for hundreds of clients – help us to bring you invaluable tips and fresh insights on pension trusteeship and board best practice. 

We’ll help you to deliver:

  • maximum efficiency in scheme operations​
  • more engaged, confident and aligned trustees​
  • regulatory best practice at good value

Pension trustee board review services

Our board effectiveness services are tailored specifically to your pension scheme, trustees and objectives. Typical elements include:

  • self-assessment toolkit – board effectiveness questionnaires, skills & competency framework, etc
  • individual and collective strengths-based assessment
  • individual trustee or chair evaluation, including capabilities and effectiveness
  • independent observation of board meetings
  • one-to-one interviews with key stakeholders
  • desktop review of operational effectiveness
  • assistance with adviser management
  • understanding & implementing equity, diversity & inclusion
  • facilitated workshops and discussions
  • recommendations and support in delivering action plans

Building effective boards: a deeper insight

For clients looking for deeper insight into their trustee board and its effectiveness, we’ve partnered with Strengthscope®.

A team is at the heart of what makes a successful board that thrives through changes and challenges. Successful teams are the ones who are more aware and appreciative of each other’s unique strengths.  

Strengthscope® helps trustees understand and maximise their individual and combined board strengths and limit the impact of performance risks. The result is a more inclusive, engaged, productive and agile trustee board.  

Together, we provide: 

  • practical, actionable ways of working that improve confidence, motivation and trustee board effectiveness 
  • strategies to help trustees improve relationships and work more effectively with people whose strengths are different from their own 
  • tools to help trustee boards build effective habits around clarity, trust, accountability, change readiness and continuous improvement.  

Optimising the strengths of the individuals on your trustee board enables you to achieve higher levels of success.  

Building effective boards: a deeper insight

For clients looking for deeper insight into their trustee board and its effectiveness, we’ve partnered with Strengthscope®.

A team is at the heart of what makes a successful board that thrives through changes and challenges. Successful teams are the ones who are more aware and appreciative of each other’s unique strengths.  

Strengthscope® helps trustees understand and maximise their individual and combined board strengths and limit the impact of performance risks. The result is a more diverse, engaged, productive and agile trustee board.  

They provide: 

  • practical, actionable ways of working that improve confidence, motivation and trustee board effectiveness 
  • strategies to help trustees improve relationships and work more effectively with people whose strengths are different from their own 
  • tools to help trustee boards build effective habits around clarity, trust, accountability, change readiness and continuous improvement.  

Optimising the strengths of the individuals on your trustee board enables you to achieve higher levels of success.  

If you’d like to explore how Vidett’s board effectiveness services can help your pension trustee board develop and improve, please get in touch.

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