Pension guidance by topic

Governance

Pension plan governance refers to the roles and responsibilities of the parties involved in the administration of a pension plan to fulfil their fiduciary obligations. In general, good governance promotes the timely and cost-effective delivery of benefits and promotes the administration of the plan in the best interests of the plan members and beneficiaries. Good governance requires appropriate control mechanisms that encourage good decision making, proper and timely execution, and regular review and assessment.