Skip to main content

Think independently
…act effectively

Muse Down Hall 269

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.

RC

Robyn Cowan

Senior Consultant
Ryan P Final

Ryan Perrin

IT Support Apprentice
AS Final

Antonella Sferrino

Associate
Muse heads March 579 Edit

Geoff Francis

Senior Consultant
ER Final

Emma Rogers

Senior Consultant
EMR Final

Ellen Ratcliffe

Principal Consultant
CW Final

Claire Wallis

Consultant
DN Final

Danuta Nott

Business Support Manager
S Murdoch Headshot

Stuart Murdoch

Consultant
AJB Final

Adam Barker

Project Manager
DJ F Inal

Daniel Jacobson

Principal Consultant
IM Final

Ian McQuade

CEO
Alan S Final

Alan Simpson

Financial Controller
OD Final

Olivia Devereese

Project Manager
RP Final

Robert Plumb

Senior Associate
CC Final

Clare Chilton

Consultant
KEM Final

Katherine Milton

Principal Consultant
Mark dallaway

Mark Dallaway

Senior Associate
KJ Final

Kneale Jefferis

Administrator
CD Final

Cindy Dadier

Head of Operations
TK Final

Tammy King

Head of People
Adam Chate

Adam Chate

Senior Consultant
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
TB Final

Tony Brown

Consultant
EB Final

Emma Beard

Senior Consultant
Sharon Hine

Sharon Hine

HR & Business Support Administrator
PA Final

Paul Armitage

Head of DC
A JM Final

Auline-Jean Melbourne

Associate
JF final

Jo Fellowes

Director
MH Final

Margs Harvey

Business Administrator
HB Final

Hana Bailey

Senior Consultant
Amanda Cullen V1

Amanda Cullen

Senior Associate
KM Final

Kate Maloney

Client Director
RE Final

Reece Eley

Junior Consultant
PV Final

Pamjit Virdi

Senior Consultant
RC Final

Rosanne Corbett

Director
ADC Final

Adrian Cooper

Head of Market Engagement
TO Final

Tom Oakley

Consultant
KW Final

Katy Wilkinson

Consultant

Testimonials

Muse helped us work with our administrator to deliver our transformation programme. They challenged them and asked questions we hadn’t considered. We wouldn’t have achieved the change we needed without the support and experience of the Muse 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

Helping Trustees and Companies to better govern their pension schemes

Get in touch today to find out how we can help.

Have a problem that needs solving?