Why Us?
Here are some questions you should ask yourself about your existing scheme trustees when considering the appointment of an independent trustee.
- Do all of your trustees have confidence in their ability to carry out their roles?
- Do they know about their powers as well as their duties and responsibilities?
- Do they understand the importance of the employer covenant and its significance in funding and investment strategy?
- Do they fully understand the advice from their advisers and through discussion participate fully in decision-making?
- Are advisors constructively challenged?
- Can they recognise conflicts of interest and deal with them?
- Are they sufficiently familiar with their own trust deed and rules?
- Does a robust trustee business plan exist, detailing key events and what activity needs to happen by when?
- Does the same governance apply to your pension scheme in the same way it applies to your company?
If the answer is no to any of these questions, a professional independent trustee will help you, your trustee board and ultimately your scheme members. There really has not been a better time to consider appointing a professional independent trustee.