Client feedback


​Ian has added more value than we thought he would at the start… which shows it pays to go with someone who is doing the job of a professional trustee as their bread and butter.
Katherine Cross,
Tyser
​Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.
Mark Assinder,
Bouygues
Ann and her team are very knowledgeable and proactive, liaise well with our other advisers and provide the Trustees with an invaluable secretarial service.
Ian Edwards,
Chair of Trustees, Comet
PSGS were overall more professional than others.
Paul Staniland,
Kier
​We are extremely pleased with the appointment we made. The way Ian reacts to us and works with us is brilliant. We are very happy.
Katherine Cross,
Tyser
I learnt more than I expected to at the trustee training course. A good introduction to the trustee role.
Rob Hartley,
RSPCA
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Interim pension trustee appointments

A short term independent trustee appointment could be invaluable when your pension scheme is facing any of the five common issues that lead to the need for a professional trustee

Minimising the risk of a conflict of interest when your actuarial valuation is due is one of the key reasons why you may want to make an interim independent trustee appointment. Balancing defined benefit (DB) pension scheme funding requirements against the need to invest in your business can be struggle for all companies, particularly if you are small or medium sized.

A pension trustee board often comprises directors or senior employees of the scheme’s sponsoring employer. Every time a formal actuarial valuation is carried out, scheme funding negotiations often become difficult to manage as company appointed trustees become conflicted, especially those who are responsible for making strategic or financial decisions on behalf of the scheme sponsor.

By appointing a professional trustee on a short or fixed term basis when you need it most, PSGS can ease conflicts of interest and ensure scheme funding negotiations are completed smoothly and swiftly. As independent trustee, we negotiate with the company and enable conflicted trustees to abstain from relevant discussions and decision-making, or stand in the employer's shoes when they need to.

An interim independent trustee appointment is a cost effective way to manage challenging pensions situations and will terminate when your pension scheme funding negotiations are complete and the actuarial valuation is signed off.

Case study

Our client: a leading retailer

The issue

The Pensions Regulator(tPR) raised concerns the presence of senior members of staff on the pension trustee board may present a conflict of interest.

The solution

To allay tPR’s concerns, the sponsoring employer appointed us to the pension trustee board as a professional trustee. Our role was to consider the issues that had given rise to the conflicts from an independent perspective and update tPR.

We worked with the sponsoring employer to put appropriate policies and procedures in place. We then met with tPR and explained how any potential conflicts would be identified and managed in the future.

If you would like to find out how an interim independent trustee appointment may benefit your pension scheme, please contact us.

Speak direct to our specialist in this area

Picture of James Double independent trustee at PSIT

James Double

Head of Trusteeship

Or call us on:

0845 313 0024

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Call: 0845 313 0024

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