Project Management

Projects we can support you on

Changes to pension legislation, regulation or best practice have in the past created long term and complex projects over and above the myriad of other tasks associated with running a pension scheme. These extra projects can be complex and time consuming. 

The skills of a pensions manager often resemble effective project management. Encompassing tasks like organising meetings and budget monitoring, managing stakeholder expectations and relationships, allocating time and resources to these extra projects presents a demanding challenge.

GMP equalisation (GMPe)

Aiming to rectify historical gender-based inequalities in pension benefits, this project requires a combination of technical knowledge, project management skills and the ability to work collaboratively with various stakeholders.  

Critical to a successful outcome is an intricate knowledge of the pension scheme and a commitment to fairness and compliance. Agreeing the methodology or outcomes of GMP equalisation can raise disputes and disagreements that the pensions manager will help mediate and negotiate an agreement among the stakeholders.

Adviser review 

It is important to be able to define the context and scope of an adviser review. Reviews should be undertaken through  a robust and comprehensive process incorporating research, measurement, reporting and recommendations. 

Pensions dashboards

The Pensions Dashboard connection dates are happening now for schemes. This means data, calculation processes and system infrastructure are expected to be sufficient to connect to the Pensions Dashboard eco system and give your pension scheme members the information they need to plan for their retirement.

A good project manager will be equipped with status reports and action plans and be an advocate for keeping Pensions Dashboards on the agenda to be certain of meeting the connection date.

The General Code

With the long awaited introduction of the Pension Regulators General Code in March 2024, trustees an governing bodies of occupational pension schemes now have an updated, streamlines document which has consolidated a number of existing codes into one place and introduced additional compliance requirements, such as the introduction of an Own Risk Assessment.

As compliance isn't optional, almost all schemes will see an increase in work required to satisfy the requirements, taking resource from a likely already stretched in-house team, or from the trustee board itself.

We have experience in establishing an effective System of Governance (ESoG) across our clients, our team helped shape the legislation that has led to the General Code which means we already have a full suite of compliant documentation to support clients.

We have project plans and budget monitoring tools we can easily adapt, and access to over 280 pension industry specialists in our wider team that we can bring in to support if required. 

Looking for more information?

To understand how Dalriada Pensions Management can help you plan and execute your project management needs get in touch with Leanne Coomber.