The importance of financial wellbeing and good governance will be outlined at a seminar later this week.

PwC and law firm DQ Advocates have joined forces for the event at the Villa Marina’s Broadway Cinema in Douglas on Thursday, July 12. It aims to provide delegates with an insight into what good governance looks like for defined contribution pension schemes.

PwC Isle of Man’s actuarial director Johann Marais will demonstrate what the company calls ’PwC’s interactive pensions tool’ and how it can be used to ’improve governance and evidence its operation’.

Annemarie Hughes, director at DQ Advocates, will discuss the importance of good governance and best practice, having regard to UK governance rules and recent regulatory developments in the Isle of Man.

Mr Marais said: ’Our mission is to help organisations understand where their people are on their financial and wellbeing journey. As we explore what good governance looks like for defined contribution pension schemes, this tool will also enable schemes to better understand whether its governance processes are adding value to both those responsible and scheme members.’

Registration for the event is from 8am followed by breakfast before the presentation begins at 8.30am. To register, go to: www.pwc.com/im/financialwellbeing