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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.

Mark dallaway

Mark Dallaway

Senior Associate
DN Final

Danuta Nott

Business Support Manager
Sharon Hine

Sharon Hine

HR & Business Support Administrator
AS Final

Antonella Sferrino

Associate
PV Final

Pamjit Virdi

Senior Consultant
RE Final

Reece Eley

Junior Consultant
PA Final

Paul Armitage

Head of DC
Ryan P Final

Ryan Perrin

IT Support Apprentice
JF final

Jo Fellowes

Director
Adam Chate

Adam Chate

Senior Consultant
KEM Final

Katherine Milton

Principal Consultant
A JM Final

Auline-Jean Melbourne

Associate
TB Final

Tony Brown

Consultant
Alan S Final

Alan Simpson

Financial Controller
EB Final

Emma Beard

Senior Consultant
S Murdoch Headshot

Stuart Murdoch

Consultant
EMR Final

Ellen Ratcliffe

Principal Consultant
CW Final

Claire Wallis

Consultant
KW Final

Katy Wilkinson

Consultant
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
HB Final

Hana Bailey

Senior Consultant
MH Final

Margs Harvey

Business Administrator
TO Final

Tom Oakley

Consultant
RC Final

Rosanne Corbett

Director
ADC Final

Adrian Cooper

Head of Market Engagement
Amanda Cullen V1

Amanda Cullen

Senior Associate
ER Final

Emma Rogers

Senior Consultant
DJ F Inal

Daniel Jacobson

Principal Consultant
IM Final

Ian McQuade

CEO
Muse heads March 579 Edit

Geoff Francis

Senior Consultant
AJB Final

Adam Barker

Project Manager
RP Final

Robert Plumb

Senior Associate
KM Final

Kate Maloney

Client Director
TK Final

Tammy King

Head of People
KJ Final

Kneale Jefferis

Administrator
CC Final

Clare Chilton

Consultant
CD Final

Cindy Dadier

Head of Operations
RC

Robyn Cowan

Senior Consultant
OD Final

Olivia Devereese

Project Manager

Testimonials

When we selected Muse as our Risk Key Function Holder, we were looking for something special that would add value to the Scheme by constructively challenging our perspective. We were not disappointed.
Chair of Trustees, large Irish DC Scheme
Muse worked skillfully with the trustees, our advisers and our main Company contacts to help us review trustee board effectiveness and provide independent insights. Muse set their report in a strategic context for the scheme and it was evident Muse understood our unique challenges as well as comparisons to peer schemes. They framed proportionate views and made clear recommendations for actions that we are now taking forward. It has been a good piece of work, and worthwhile. It will help us work with the Company to make further progress on the scheme. The other trustees had not experienced an effectiveness review; they found it easy to work with Muse and engaged well with the trustee board’s discussion of the report findings.
Independent Trustee Chair, QinetiQ Pension Scheme
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

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