Client feedback

“Competent, friendly and very helpful.”

“Excellent service - as expected and why PSGS was chosen.”

Stuart Barker ,

Independent Occupational Pensions Consultant, RSPCA

“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

“It’s a pleasure working with key members of the PSGS team: their experience and leadership means that they know how to get the job done, working in partnership with fellow trustees, employers and advisers to achieve the best result for members.”

Mark Smith,

Partner at Taylor Wessing

“I enjoy working with PSGS and we have a very positive relationship. I was new to pensions and found them very helpful.”

Bruce Allison,

RTUK

“Proactive in driving the agenda and leading the scheme on its logical journey.”

Caroline Rand,

Historic Royal Palaces

PSIT appointed to provide Governance Advisory Arrangement to AJ Bell

Topic:

PSGS news

Date published:

Friday, 17 July 2015

PS Independent Trustees (PSIT) has been appointed to provide a Governance Advisory Arrangement (GAA) to SIPP provider, AJ Bell Management Limited (AJ Bell). AJ Bell is one of the UK’s largest providers of online investment platforms and stockbroker services with more than 111,000 clients and assets under administration exceeding £26.1 billion.

The Financial Conduct Authority (FCA) introduced requirements on 6 April 2015 for providers of workplace pensions, including group SIPPs, to establish independent governance committees to assess the value for money of their pension schemes and ensure minimum governance standards are met. These independent committees must challenge workplace pension providers when necessary to improve their products.

Commenting on the appointment, , said:

“Members of a GAA need to have expert knowledge of workplace pensions to be able to assess and make judgements on the value for money of those schemes. The GAA must act solely in the interests of members, which is an extremely important point for raising challenge when it is needed.

We are pleased to be working with AJ Bell and look forward to using our knowledge of defined contribution schemes and our experience, as independent trustees, of working in members’ best interests to ensure strong governance and value for money.”

Richard Taylor, Chief Risk Officer at AJ Bell, commented:

“We selected PS Independent Trustees to provide our GAA after considering a number of different options, including setting up our own Independent Governance Committee, and alternative suppliers. PSIT offered us a cost-effective and pragmatic solution to meet our regulatory requirement and we are looking forward to working with them.”

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