Governed Advisory Arrangement for Investment Pathways

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The Financial Conduct Authority (FCA) requires providers of investment pathways for pensions drawdown to set up and maintain either an Independent Governance Committee (IGC) or Governance Advisory Arrangement (GAA) to represent the interests of pathway investors.

In 2020, Embark Corporate Services Limited appointed PTL Governance Ltd (PTL) to provide the GAA in relation to its investment pathways.

The GAA has a duty to act in the interests of pathway investors and operates independently of Embark. The ongoing role of the GAA is to assess value for money of the investment pathways provided by Embark. It will raise any concerns, initially with Embark and, if not satisfied, the GAA can escalate these concerns to the FCA.

The full terms of reference relating to the GAA can be found below. The investment pathways came into force on 1 February 2021. 

Once available, the Chair’s annual statements will appear on this page on or before the 31 July each year. The first annual Chair’s statement relating to the investment pathways is for the calendar year 2021.

Download the Embark Corporate Services Limited GAA Terms of Reference

Pathway investors are able to make representations to the GAA, which can be contacted in writing at:

Embark Corporate Services Limited GAA
100 Cannon Street