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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.

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Danuta Nott

Business Support Manager
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Alan Simpson

Financial Controller
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Jo Fellowes

Director
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Katy Wilkinson

Consultant
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
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Emma Beard

Senior Consultant
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Geoff Francis

Senior Consultant
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Amanda Cullen

Senior Associate
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Ryan Perrin

IT Support Apprentice
Adam Chate

Adam Chate

Senior Consultant
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Olivia Devereese

Project Manager
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Emma Rogers

Senior Consultant
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Robert Plumb

Senior Associate
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Tom Oakley

Consultant
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Tammy King

Head of People
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Stuart Murdoch

Consultant
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Robyn Cowan

Senior Consultant
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Hana Bailey

Senior Consultant
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Cindy Dadier

Head of Operations
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Adam Barker

Project Manager
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Adrian Cooper

Head of Market Engagement
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Kneale Jefferis

Administrator
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Paul Armitage

Head of DC
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Auline-Jean Melbourne

Associate
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Tony Brown

Consultant
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Antonella Sferrino

Associate
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Pamjit Virdi

Senior Consultant
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Margs Harvey

Business Administrator
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Ian McQuade

CEO
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Mark Dallaway

Senior Associate
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Ellen Ratcliffe

Principal Consultant
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Katherine Milton

Principal Consultant
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Reece Eley

Junior Consultant
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Clare Chilton

Consultant
RC Final

Rosanne Corbett

Director
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Daniel Jacobson

Principal Consultant
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Claire Wallis

Consultant
Sharon Hine

Sharon Hine

HR & Business Support Administrator
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Kate Maloney

Client Director

Testimonials

We appointed Muse to step in when our long-standing Pensions Manager announced his retirement. Their team managed to get up to speed quickly, complete an effective handover and ensure our day-to-day business continues to run, whilst at the same time helping us select, appoint and transition to a new administrator. Muse has become a key part of our team, coordinating activities across advisers. The Muse team has spotted opportunities to bring governance and market insight into the day to day management of our schemes. We feel we are in good hands and, importantly, enjoy working together.
Independent Chair of Trustees, John Laing
Muse continue to provide excellent independent support to us and their clients. Their operating model provides a refreshing change: quality, independently minded people who are good at what they do. Muse know where they want to operate and continually seek to take new ideas into those areas. Muse continue to punch above their weight.
Head of Trustee Services, Unilever
It was great working with Muse and if we undertake another review we will most definitely be in touch. We could not have got through this without Muse.
UK Group Pensions Manager, Total

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