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The work that has been done has been delivered beyond expectations.
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The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.
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The Altro Pension and Life Scheme
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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 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 a key reason why you may 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 senior employees of the scheme’s sponsoring employer. When a formal actuarial valuation is carried out, scheme funding negotiations often become difficult to manage as company appointed trustees become conflicted, especially those responsible for making strategic or financial decisions on behalf of the scheme sponsor.

By appointing a PSGS professional trustee on a short or fixed term basis when you need it most, we can ease conflicts of interest and ensure pension 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 pension 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:

0118 207 2900

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