Client feedback


Colin provides expert trusteeship. He guides former employees not familiar with legal constraints and restrictions - he is aware of them and helps solve problems - very happy.
Many organisations and people provide the services that clients need. In my opinion, the differentiator is in the way those services are provided and to that extent, Kathy embodies the qualities that I have come to value from PSITL. Kathy is organised but not fussy; diligent but not dogmatic; persistent without being pushy and compliant in a pragmatic way. Whilst she takes ownership and drives issues forward, Kathy is a team player who uses her and her colleagues experience to provide services to her trustee client whilst working closely with those like me representing the sponsoring employer. She works collaboratively with advisers but constructively challenges the scope of services, fees and service standards whenever necessary and makes sure that member needs are always taken into account. I enjoy working with her and trust that she will deliver what is required by the trustee and the members they represent in a manner satisfactory to the sponsoring employer.
Stuart Barker,
Internal Pensions Consultant, RSPCA
Always willing to get involved and move things forward.
Steve Sampson ,
LGC
The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.
Paul Coley,
The Altro Pension and Life Scheme
Excellent and comprehensive training course. I will definitely refer to what I've learned and received.
Kyp Kyprianou,
Bam Construction UK Ltd
We don't have any worries - PSGS are always there for us and plan ahead with advisers and agendas.
Stephen Allaker,
Bristol Myers-Squibb

EU compromises on trustee knowledge requirements

Topic:

Legal & governance

Date published:

Friday, 12 December 2014

There’s been a Christmas present, of sorts, from the EU to lay pension scheme trustees.

The draft revised EU Pensions Directive (IORP II), issued in March 2014, included knowledge requirements so strong the future of lay pension trustees was put in doubt. There has now been a change in the compromise text and this means trustees will no longer be required to have relevant professional qualifications.

Instead, the emphasis now falls on a scheme’s trustee body as a whole to ensure their qualifications, knowledge and experience are ‘collectively adequate’ to perform the duties required under the IORP. This is a welcome change that makes it easier for lay trustees to continue in their role, helping us here in the UK to maintain our commitment to member-nominated representation on a trustee board.

The new wording says trustees must also be of ‘good repute and integrity’, but that’s simply common sense!

Gillian Graham - Scheme Manager

 

 

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