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Knowledge hub

Check out one of our recent thought pieces below, or dive into our knowledge hub to see the latest thinking from across the Muse team!

Musings | 28 Sept 2026

Concentration risk in trustee services

What happens when a significant proportion of a scheme’s knowledge, governance activity and institutional memory becomes concentrated within a single organisation? Katherine Milton, who is part of our outsourced pensions management leadership team, looks at some of the challenges with concentration risk and outlines the key questions that trustees need to ask when assessing supplier concentration risk.

Musings | 28 Sept 2026

Private markets in UK pension defaults

Private markets could be a valuable addition to UK pension scheme default funds, especially for members who are many years from retirement. This area, however, is not without its challenges. In this article, Paul Armitage, Head of DC at Muse, looks at what this means for charges and member communications.  

Musings | 28 Sept 2026

AI governance

Artificial Intelligence (AI) is driving considerable change across many industries, including pensions, and whilst there are significant potential benefits available, the risks are real as well. Jo Fellowes explores where AI is currently being used and developed in the pensions industry and considers the changes in Trustee governance required to oversee data, security and cyber risk as AI use continues to evolve.

Sharon Hine

Sharon Hine

HR & Business Support Administrator
Ryan P Final

Ryan Perrin

IT Support Apprentice
EB Final

Emma Beard

Senior Consultant
S Murdoch Headshot

Stuart Murdoch

Consultant
RE Final

Reece Eley

Junior Consultant
Amanda Cullen V1

Amanda Cullen

Senior Associate
PA Final

Paul Armitage

Head of DC
A JM Final

Auline-Jean Melbourne

Associate
DJ F Inal

Daniel Jacobson

Principal Consultant
KW Final

Katy Wilkinson

Consultant
IM Final

Ian McQuade

CEO
KM Final

Kate Maloney

Client Director
TO Final

Tom Oakley

Consultant
CW Final

Claire Wallis

Consultant
RC

Robyn Cowan

Senior Consultant
CD Final

Cindy Dadier

Head of Operations
KJ Final

Kneale Jefferis

Administrator
PV Final

Pamjit Virdi

Senior Consultant
ADC Final

Adrian Cooper

Head of Market Engagement
Muse heads March 579 Edit

Geoff Francis

Senior Consultant
JF final

Jo Fellowes

Director
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
EMR Final

Ellen Ratcliffe

Principal Consultant
AJB Final

Adam Barker

Project Manager
Adam Chate

Adam Chate

Senior Consultant
MH Final

Margs Harvey

Business Administrator
CC Final

Clare Chilton

Consultant
TB Final

Tony Brown

Consultant
RP Final

Robert Plumb

Senior Associate
Alan S Final

Alan Simpson

Financial Controller
AS Final

Antonella Sferrino

Associate
OD Final

Olivia Devereese

Project Manager
ER Final

Emma Rogers

Senior Consultant
KEM Final

Katherine Milton

Principal Consultant
HB Final

Hana Bailey

Senior Consultant
Mark dallaway

Mark Dallaway

Senior Associate
RC Final

Rosanne Corbett

Director
DN Final

Danuta Nott

Business Support Manager
TK Final

Tammy King

Head of People

Testimonials

Muse’s support was invaluable in making sure we were still able to drive forward our projects, Trustee agenda and actions during the absence of a key team member on maternity leave. It was a pleasure to work with the Muse team and we valued their wider market knowledge, willingness to challenge and independent viewpoint. Because we had worked with Muse before we ‘hit the ground running’ and Muse quickly became part of the team.
Pension Strategy Manager, CYBG plc
Muse provided interim scheme secretarial services to the RNIB Retirement Benefits Scheme for a period of six months, taking over with very little handover and no prior scheme knowledge. Rosanne and Tom hit the ground running and did an incredible job to get up to speed as quickly as they did. Their secretarial services have been excellent, however it’s the executive services they have provided that have gone beyond our expectations. They have provided an all-round governance and strategic planning service which has made an immeasurable difference and for which we are very grateful. Muse has provided a comprehensive handover to the new Scheme Secretary, which will allow him to continue their work and complete the overhaul of the Scheme’s governance.
Where we are six months on from Muse taking up the role isn’t a step change difference, it’s a quantum leap. Rosanne and Tom have made my life easier as Trustee Chair and gained the trust and confidence of the trustees, enabling us to be more non-executive. We now have an agreed strategic direction. Importantly, we have a plan to reach it and a well-constructed business plan, risk register and operational work plan to help us keep on top of the big issues and risks and make best use of our advisers. They’ve made a big difference not just to the trustees but to members who will benefit from the governance changes.
Trustee Chair, RNIB Retirement Benefits Scheme
Muse bring a helpful and experienced objectivity to projects which helps guide the Trustee Board through some important decision making with pace.
Former Head of Marks & Spencer Pension Trust, Marks & Spencer Pension Trust Limited

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