“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.”
“These days, Boards need real expertise on tap (with excellent back-up) to cope with a constantly evolving and more regulated environment. PSGS is geared to delivering that.”
“Where PSGS are appointed to act in conjunction with an existing body of trustees, we have found that they are quickly able to fit in well and gain the trust and respect of their co-trustees. ”
“Mike is a great secretary. He does a really good job for us.”
“The work that has been done has been delivered beyond expectations.”
Thursday, 5 February 2015
Recent pension reforms are not simply another item for a trustee’s to-do list. The issues pension scheme trustees need to consider, and decisions they will need to take, are wide-ranging.
How ready pension scheme administrators are is one critical factor. Mark Homer's latest opinion article considers this and some of the other questions trustees should be asking themselves about the impact pension reforms could have on their scheme.