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BWCI are delighted to announce that three members of BWCI's Governance Group, Michelle Galpin, Carl Hansen and Carl Stanford, have recently been awarded the Pensions Management Institute's ("PMI") Certificate in DC Governance.
This new qualification was launched in 2015, in response to the increasing focus on ensuring that defined contribution ("DC") schemes are well-run. The UK has recently introduced minimum governance standards for DC schemes, acknowledging that the standard of governance is central to achieving good retirement outcomes for members.
Carl Hansen, who chairs the Governance Group, said: “The wide-ranging course covered all aspects of DC scheme governance best practice. While it was a UK exam, the topics are equally relevant in a local context”.
Carl Stanford, a Partner in BWCI’s investment team said: “The course focussed on the roles of the trustees and the employer in ensuring their schemes are well run. In addition, it provided a good background to emerging areas, such as assessing value for members and improving member engagement”.
Michelle Galpin, a Partner in BWCI’s actuarial pensions team, added “We know that qualifying schemes in Guernsey’s Secondary Pension System will need to evidence good governance. Gaining this new qualification means that our team are well-placed to support local schemes in this area”.
