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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.

PV Final

Pamjit Virdi

Senior Consultant
IM Final

Ian McQuade

CEO
RP Final

Robert Plumb

Senior Associate
S Murdoch Headshot

Stuart Murdoch

Consultant
JF final

Jo Fellowes

Director
AS Final

Antonella Sferrino

Associate
Sharon Hine

Sharon Hine

HR & Business Support Administrator
CC Final

Clare Chilton

Consultant
OD Final

Olivia Devereese

Project Manager
RC

Robyn Cowan

Senior Consultant
ER Final

Emma Rogers

Senior Consultant
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
TO Final

Tom Oakley

Consultant
PA Final

Paul Armitage

Head of DC
DJ F Inal

Daniel Jacobson

Principal Consultant
EMR Final

Ellen Ratcliffe

Principal Consultant
CW Final

Claire Wallis

Consultant
MH Final

Margs Harvey

Business Administrator
KJ Final

Kneale Jefferis

Administrator
KM Final

Kate Maloney

Client Director
TK Final

Tammy King

Head of People
EB Final

Emma Beard

Senior Consultant
Adam Chate

Adam Chate

Senior Consultant
Alan S Final

Alan Simpson

Financial Controller
RE Final

Reece Eley

Junior Consultant
HB Final

Hana Bailey

Senior Consultant
DN Final

Danuta Nott

Business Support Manager
TB Final

Tony Brown

Consultant
A JM Final

Auline-Jean Melbourne

Associate
Amanda Cullen V1

Amanda Cullen

Senior Associate
Muse heads March 579 Edit

Geoff Francis

Senior Consultant
KEM Final

Katherine Milton

Principal Consultant
ADC Final

Adrian Cooper

Head of Market Engagement
AJB Final

Adam Barker

Project Manager
CD Final

Cindy Dadier

Head of Operations
Ryan P Final

Ryan Perrin

IT Support Apprentice
Mark dallaway

Mark Dallaway

Senior Associate
KW Final

Katy Wilkinson

Consultant
RC Final

Rosanne Corbett

Director

Testimonials

We engaged Muse, in advance of our administration contract renewal, to review the service and contractual terms and ensure we received overall value for money from our third party administrator. I was delighted with the outcome and the material improvement we achieved.
Former Head of Pensions, Vodafone
Muse run very bespoke, organised and professional selection exercises. We enjoy working with Stacy and the team as their independence encourages sharing of information and a strong working relationship.
Head of DC Sales, Legal & General
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

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