How Schemes are Run

Most public sector schemes were set up by Acts of Parliament. They are known as statutory schemes and have their own rules. We do not cover them here.

Other workplace schemes may either be 'occupational' or contract-based. Occupational schemes are run by trustees, whose role and activities are clearly defined. The Pensions Regulator provides a 'trustee toolkit' on this issue. In personal contract-based pension schemes, where there are no trustees, there may be a management committee, and firms that operate such schemes are required to establish and maintain Independent Governance Committees (IGCs). The Financial Conduct Authority provides more information on this.

Note: This content is provided as general background information and should not be taken as legal advice or financial advice for your particular situation. Make sure to get individual advice on your case from your union, a source on our free help page or an independent financial advisor before taking any action.

What is WorkSmart?

A career coach that works for everyone.


Enjoy bite-sized activities delivered to you every week.

Lightbulb brain

Equip yourself with essential skills to be the best you yet.


Get the guidance you need to stay focused and reach your goals.

Worksmart circle