Pension funds have to comply with the regulations in their jurisdiction along with optional “best practice” guidance/recommendations. Pension Fund Trustees are personally responsible for ensuring they fulfill their responsibilities and safeguard the schemes assets for the benefit of the beneficiaries. Examples of where the GRC-Maestro platform can help Pension Funds and their Trustees include:
- Manager Selection – manage the selection process for external managers to evidence the basis for appointment
- Due diligence monitoring – periodically assess third party investment manager’s compliance with the terms in the Investment Management Agreement
- Exception reporting – log, manage and resolve ad-hoc issues regarding the administration/management of the Pension Trust
GRC-Maestro gives Pension Funds and their Trustees, the ability to control and manage both existing and proposed regulatory requirements by automating manual checks and recordkeeping.