Client feedback


They have helped us save much more and created a cohesive plan to de-risk whilst building an integrated pension team.
Sally-Anne Borrill,
T-Systems
The service runs very smoothly, might have expected a few more difficulties transitioning to a professional trustee.
Alex has helped in our dealings with other advisers using his experience of other schemes.
Angela Clayton ,
Accent Group
Gillian and Curtis provide an excellent service to the trustees. They are approachable and possess a huge amount of knowledge. Everything appears to work smoothly which I am sure is due to the immense amount of work they do in the background to ensure all paperwork is available and up to date.
Ian Woods,
KGPT trustees
The Trustee Training course is very good. Excellent coverage of material presented in an easy-to-digest manner and quality of presentation by both presenters.
Jonathan Williams ,
Bangor University
The Trustee training was very interactive and the presenters were engaging - thank you.
Nick Marsh,
Comet Pension Scheme
image for Appointing a sole trustee | Sole trusteeship

Sole trusteeship

It is increasingly hard to find committed and qualified trustees, so more and more pension schemes are appointing a sole professional trustee. This can be a cost-effective solution with sponsoring employers benefiting from regular, open (but challenging) dialogue.

Why appoint a sole trustee?

Our sole trustee schemes are defined benefit (DB), defined contribution (DC) or hybrid and many face common complexities and challenges, for example:

  • Agreeing a recovery plan that balances the interests of member security with sustainability of the pension scheme sponsor.
  • Implementing an investment strategy that reduces volatility but takes into account the sponsor’s risk appetite.
  • Experience of poor service standards or risk averse advice leading to high costs and/or ineffective solutions.
  • Past administration and documentation failings leading to incorrect benefit calculations, over/under payments that need to be dealt with and decisions to be made over potential litigation.
  • Ensuring value for members (VFM) in relation to DC benefits including an appropriate suite of investment choices and default fund to provide members with a good outcome.
  • Improving member communications so they can better understand and appreciate their options and benefits.
  • Complex historic benefit structures.
  • Ongoing litigation against a legal adviser, consultant and scheme actuary.
  • Escalating advisory fees that need to be better managed.
  • Handling complaints via the IDRP, from TPAS and the Pension Ombudsman.

Download the pros and cons of sole trusteeship

Taking away the governance, day-to-day operations and cost of a full pension trustee board and replacing it with a skilled, dedicated professional sole trustee can make it a lot easier and efficient for everyone. An experienced sole trustee establishes the right focus and governance, provides wide market knowledge to draw on and ensures an effective working relationship with the pension scheme sponsor.

Example sole trustee appointment

Read the full case study

The value of a team

We have a knowledge sharing, team based approach that ensures at least two named individuals will have a detailed knowledge of your pension scheme. It means someone will always available to respond to queries, manage the advisers and progress trustee business - you are never dependent on one person.

To discuss whether a sole trustee appointment is the right route for 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

Read more

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