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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.

HB Final

Hana Bailey

Senior Consultant
DJ F Inal

Daniel Jacobson

Principal Consultant
KEM Final

Katherine Milton

Principal Consultant
Muse heads March 579 Edit

Geoff Francis

Senior Consultant
RC

Robyn Cowan

Senior Consultant
MH Final

Margs Harvey

Business Administrator
TK Final

Tammy King

Head of People
Mark dallaway

Mark Dallaway

Senior Associate
CC Final

Clare Chilton

Consultant
RC Final

Rosanne Corbett

Director
Amanda Cullen V1

Amanda Cullen

Senior Associate
Ryan P Final

Ryan Perrin

IT Support Apprentice
Susan Sinclair March 2025

Susan Sinclair

Senior Consultant
ADC Final

Adrian Cooper

Head of Market Engagement
TO Final

Tom Oakley

Consultant
AJB Final

Adam Barker

Project Manager
IM Final

Ian McQuade

CEO
ER Final

Emma Rogers

Senior Consultant
RE Final

Reece Eley

Junior Consultant
AS Final

Antonella Sferrino

Associate
EMR Final

Ellen Ratcliffe

Principal Consultant
TB Final

Tony Brown

Consultant
Adam Chate

Adam Chate

Senior Consultant
A JM Final

Auline-Jean Melbourne

Associate
OD Final

Olivia Devereese

Project Manager
KW Final

Katy Wilkinson

Consultant
CW Final

Claire Wallis

Consultant
KJ Final

Kneale Jefferis

Administrator
JF final

Jo Fellowes

Director
PV Final

Pamjit Virdi

Senior Consultant
RP Final

Robert Plumb

Senior Associate
Alan S Final

Alan Simpson

Financial Controller
DN Final

Danuta Nott

Business Support Manager
KM Final

Kate Maloney

Client Director
S Murdoch Headshot

Stuart Murdoch

Consultant
CD Final

Cindy Dadier

Head of Operations
PA Final

Paul Armitage

Head of DC
Sharon Hine

Sharon Hine

HR & Business Support Administrator
EB Final

Emma Beard

Senior Consultant

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 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
Muse took over as a fully outsourced pensions department on the retirement of our long-standing Pensions Director. We were concerned about losing Scheme knowledge, acquired over many years, but we have been delighted with Muse’s work. Their team approach mitigated our key man risk and, throughout their time with us, they have been reliable and professional, always keeping the regular business-as-usual cycle moving as well as helping us navigate more sensitive issues. The chemistry is good and they work as though they are our in-house pensions department. We appreciate their thoroughness and professionalism and feel well-supported in all areas of work.
Chairman of the Trustee Board, Xerox Pension Scheme

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