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Pension Funds

Product governance for pension funds navigating escalating regulatory demands.

From TPR’s DB Funding Code and FCA Consumer Duty in the UK, to ERISA fiduciary obligations in the US and IORP II across Europe — pension fund trustees face an expanding and intensifying set of product governance obligations. Skyjed gives pension funds the platform to meet these obligations and demonstrate they have.

Regulatory frameworks
TPR DB Funding Code Long-term funding targets, journey plans, and enhanced DB governance obligations UK
FCA Consumer Duty Product value assessments and member outcome obligations for pension products UK
IORP II Governance, risk management, and member communication standards for EU occupational schemes EU
ERISA Fiduciary obligations and documented governance standards for US retirement plans US
TCFD — Pensions Mandatory climate disclosure and ESG governance obligations for larger schemes UK/EU
Built for pension funds managing
DB schemes DC schemes Master trusts Personal pensions
The challenges we solve

Pension fund trustees face a more demanding governance environment than at any point in history.

TPR, FCA, ERISA, and IORP II are driving up the standard of documented governance evidence that pension funds must produce — while the tooling most funds rely on was never designed for this level of scrutiny.

01
DB Funding Code journey plan governance
TPR’s new DB Funding Code requires trustees to define long-term funding targets, set documented journey plans, and record governance decisions with a regularity and rigour that existing tooling cannot support. The evidence standard required has materially increased.
Skyjed structures DB funding governance — journey plans documented, covenant assessments evidenced, and trustee decisions permanently logged for TPR review.
02
Consumer Duty value assessments
FCA Consumer Duty requires pension providers to assess and evidence that products deliver fair value to members — with documented methodology, board-level sign-off, and ongoing monitoring across the full product range.
Value assessment workflows built into the product lifecycle — standardised methodology, approval routing, and full evidence collection on schedule across every product.
03
DC chair’s statement and value for members
DC trustees must produce an annual chair’s statement evidencing value for members assessments across all scheme options. This governance-intensive obligation requires structured data collection and documented conclusions — consistently, year on year.
Chair’s statement data structured within Skyjed — assessment evidence collected, value conclusions documented, and annual obligations tracked to completion.
04
ERISA fiduciary documentation
ERISA fiduciaries must demonstrate that plan investment options were selected prudently, in participants’ interests, and with a documented process. The personal liability standard requires evidence that existing tooling was never designed to produce.
Fiduciary decision documentation structured within the product lifecycle — every investment option decision evidenced, every review on schedule, every approval permanently logged.
05
TCFD and ESG disclosure obligations
Larger pension schemes face mandatory TCFD reporting and must evidence ESG integration across their investment product range. Managing ESG data and disclosure obligations without dedicated governance infrastructure creates material evidence gaps.
ESG and climate data structured within product records — TCFD obligations tracked, disclosure evidence maintained, and governance trails complete for regulatory review.
06
TPR and regulator supervisory scrutiny
When TPR, the FCA, or the DOL request evidence of product governance decisions — who made them, when, on what basis — the documentation must be immediately accessible and demonstrably complete. Most funds cannot produce this on demand.
Every trustee decision, governance action, and product review permanently logged and immediately retrievable — ready for regulator review at any point, in any market.
Product types Skyjed manages
Defined benefit schemes Defined contribution schemes Master trusts SIPPs and personal pensions Group personal pensions Workplace pension products Hybrid schemes 401(k) and 403(b) plans Public pension funds PEPP products
How Skyjed helps

Meet trustee and regulatory expectations. Demonstrate you have.

DB funding governance, Consumer Duty value assessments, DC chair’s statement obligations, ERISA fiduciary documentation, and regulator audit readiness — all structured, scheduled, and evidenced within Skyjed.

Centralised scheme and product registry
Every DB scheme, DC option, and pension product in a structured registry — funding status, governance status, value assessment history, and change records always current and accessible to trustees and compliance teams.
Product registry Scheme register
Value assessment and member outcomes workflows
Consumer Duty value assessments and IORP II governance workflows — standardised methodology, structured evidence collection, trustee board approval routing, and full documentation built into the product lifecycle.
Consumer Duty Value assessments IORP II
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DB funding governance and journey plan management
DB funding journey plans documented and maintained within Skyjed — funding targets tracked, covenant assessments evidenced, and trustee decisions permanently logged for TPR review at any point.
TPR DB Funding Code Journey plans Covenant
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Always regulator-ready
Every trustee decision, governance action, and product review permanently logged and immediately retrievable — ready for TPR, FCA, DOL, or IORP II supervisory review at any point in any market.
Continuous evidence Audit Hub Multi-market
84%
reduction in governance evidence preparation time
100%
of scheme reviews completed on schedule
Zero
documentation gaps going into regulator reviews
Days
to go live — TPR, FCA and ERISA frameworks pre-configured
Platform capabilities

Purpose-built for pension fund product governance — globally.

Pre-configured regulatory frameworks for TPR, FCA, ERISA, and IORP II — operational within days, no custom configuration required.

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TPR and FCA frameworks pre-configured
DB Funding Code, DC Code, Consumer Duty, and SMCR governance frameworks built in from day one — no custom setup required. Applicable frameworks activate automatically for the relevant scheme type.
Value assessment and outcomes tooling
Structured annual value assessment workflows with standardised methodology templates, trustee board approval routing, and complete evidence collection — consistent across every product and scheme in your range.
Multi-market governance in one platform
UK, EU, US, Canadian, and Australian pension governance frameworks in a single platform — enabling trustees and compliance teams managing multi-market schemes to govern consistently without separate tooling for each jurisdiction.
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Trustee-grade audit trails
Every trustee decision, approval, and governance action permanently logged with full attribution — retrievable for TPR, FCA, DOL, and IORP II supervisory review at any point, without preparation time.
Automated review scheduling
Annual and periodic reviews scheduled automatically — value assessments, DB funding reviews, DC chair’s statement obligations, and TCFD disclosures all calendared, tracked, and escalated if overdue.
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ESG and TCFD governance
Climate and ESG data structured within product records — TCFD obligations tracked, sustainability disclosures evidenced, and climate governance trails complete for regulatory review and member reporting.
Pension Funds

See Skyjed for your
pension fund.

We’ll walk you through a demo tailored to your scheme type, regulatory obligations, and trustee governance requirements.

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