INDEPENDENT TRUSTEESHIP

Most pension schemes are introduced by companies keen to provide a benefit package that will attract and reward quality employees. The irony is that the increasing burden of laws and regulations, which were introduced with the intention of improving the security of scheme benefits for members, may result in employers withdrawing their pension scheme and leaving their staff to fend for themselves, for fear of breaching the regulations.

We can help solve that problem. Appointing Alexander Forbes Trustee Services means there is an expert on the board of trustees and help is on hand to ensure all trustees can meet their own TKU responsibilities. Alternatively, we are happy to be appointed as sole independent trustee, which absolves the scheme from having to seek nominations for trustees from the membership under the MNT regulations.

The main benefits of appointing Alexander Forbes Trustee Services to act as an independent professional trustee are:

• the experience gained in dealing with hundreds of pension schemes
• the expert knowledge of our professionally qualified staff
• true independence when exercising trustee discretion
• familiarity with the process of pension scheme governance
• excellent relations and lines of communication with the regulatory authorities

Regular, well-structured trustee meetings are fundamental to ensure that the pension scheme is properly governed and continues to be valued by both the company and the members. Alexander Forbes Trustee Services will attend regular meetings, often taking the role of Chairman to the Trustees or acting as Secretary to the board of trustees, to ensure that all relevant issues are addressed.

If you would like to receive more information about this service, please contact us.