“I wanted to look at the effectiveness of our trustee board, so Gillian, our PSGS scheme secretary, provided their trustee self-assessment tool to help me gather thoughts and opinions from others on the board. The tool was extremely easy to use and asked all the right questions to help me collect the information I needed as Trustee Chair. It is a great example of the way PSGS shares knowledge with their clients and makes dealing with key governance issues easy. As well as enabling me to meet one of the Regulator’s 21st century trusteeship requirements, using the tool has flagged trustee training needs and ways we could improve trustee meetings further. ”
“I enjoy working with PSGS and we have a very positive relationship. I was new to pensions and found them very helpful.”
“Back in the day there was a large trustee board, with several independents (from the financial world) and the ex-Chairman of the company was offered the role as Chair of Trustees as a sweetener when he stepped down. Unionised company then divided - broad range of active members. They needed some expertise, consistency and leadership during this time. Wanted a serious/professional to lead and guide the trustees. ”
“The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.”
“Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.”
“Excellent support leading fiduciary management tender and availability during difficult pandemic period. Pragmatic, helpful approach and lovely to deal with.”
The code is a consolidation of existing codes, new modules and updates, with requirements proportionate to the size, nature and complexity of your scheme.
PSGS can help pension trustee boards comply with TPR’s code by:
How does the new code of practice impact the role of a scheme secretary?
CMS Pensions LawCast – Episode #28 – The TPR Single Code
5 key pensions issues for 2022
Single Code of Governance: 10 things every trustee should know about TPR's consultation
Why protecting against cyber crime must be high on the agenda for UK pension schemes
Navigating the journey to consolidation