In theory the role of a trustee is really quite a simple one: to protect and maximize the benefits of all scheme members. The reality is somewhat harder.
Overlay the fact that most trustees of UK pension schemes act in an unpaid capacity alongside their normal business role, it is small wonder that many trustee boards feel they need extra help.
This is where ITS comes in.
The new world trustee must be well versed in all aspects of running a pension scheme from investment to administration, funding to communications, corporate finance to risk management.
The challenges don't end there. Seemingly ever changing legislation, increased trustee competency, knowledge and understanding requirements, the changing dynamic between sponsor and trustee, more open disclosure of trustee policies on governance and a pro-active regulatory framework that can challenge trustee actions... all come together to make a complex and demanding role out of what, in principle, is a straightforward one.
There has never been a greater need for independent, professional trustee representation; representation that delivers an unbiased, considered and rounded view. This is why we are appointed as independent trustee to a wide range of occupational pension schemes.
ITS Trustee Governance Survey
Independent Trustee Services wants to hear trustee opinions on how confident they feel about certain governance aspects of their scheme.
Your input in this questionnaire will only take around 10 minutes to complete. Click here to launch the survey.