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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.

Muse heads March 579 Edit

Geoff Francis

Senior Consultant
KW Final

Katy Wilkinson

Consultant
RE Final

Reece Eley

Junior Consultant
JF final

Jo Fellowes

Director
Ryan P Final

Ryan Perrin

IT Support Apprentice
TO Final

Tom Oakley

Consultant
KEM Final

Katherine Milton

Principal Consultant
RP Final

Robert Plumb

Senior Associate
RC Final

Rosanne Corbett

Director
EB Final

Emma Beard

Senior Consultant
OD Final

Olivia Devereese

Project Manager
Alan S Final

Alan Simpson

Financial Controller
KM Final

Kate Maloney

Client Director
Amanda Cullen V1

Amanda Cullen

Senior Associate
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
RC

Robyn Cowan

Senior Consultant
Adam Chate

Adam Chate

Senior Consultant
ADC Final

Adrian Cooper

Head of Market Engagement
Sharon Hine

Sharon Hine

HR & Business Support Administrator
S Murdoch Headshot

Stuart Murdoch

Consultant
Mark dallaway

Mark Dallaway

Senior Associate
CC Final

Clare Chilton

Consultant
EMR Final

Ellen Ratcliffe

Principal Consultant
PV Final

Pamjit Virdi

Senior Consultant
CD Final

Cindy Dadier

Head of Operations
CW Final

Claire Wallis

Consultant
ER Final

Emma Rogers

Senior Consultant
AS Final

Antonella Sferrino

Associate
IM Final

Ian McQuade

CEO
PA Final

Paul Armitage

Head of DC
AJB Final

Adam Barker

Project Manager
A JM Final

Auline-Jean Melbourne

Associate
HB Final

Hana Bailey

Senior Consultant
KJ Final

Kneale Jefferis

Administrator
MH Final

Margs Harvey

Business Administrator
DJ F Inal

Daniel Jacobson

Principal Consultant
TK Final

Tammy King

Head of People
DN Final

Danuta Nott

Business Support Manager
TB Final

Tony Brown

Consultant

Testimonials

Muse Advisory carried out a review of our governance. The team were good to work with and worked constructively with our trustees, the pensions team, company representatives and our advisers. We invited them back to facilitate our trustee strategy which was also well received. We value their expertise, independence and range of relevant skills.
Trustee Chair, Rolls-Royce UK Pension Fund
When we needed external facilitation for a strategy orientated governance review, Julia and her colleagues at Muse Advisory understood just what was required. As a result of their considerable sector knowledge and experience they were able to hit the ground running and work with the Trustees to achieve their objectives in an efficient and effective manner.
Chair of Trustees, Nationwide Pension Fund
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

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