Client feedback


Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.
Mark Atkinson,
Partner at CMS Cameron McKenna
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.
Duncan Buchanan,
Partner at Hogan Lovells
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
So much more proactive than the previous company. On the ball - thinking in advance of things needing doing - very proactive.
Paul Rudd ,
Chairman of Trustees, Express Newspaper
PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
​Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.
Mark Assinder,
Bouygues
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 benefitting from regular, open 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.

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.

The value of a team

We have knowledge sharing, a team based approach that ensures at least two named individuals will have a detailed knowledge of your scheme and its activities. This ensures that, at any time, there are team members available familiar with your scheme available to respond to queries, manage the advisers and progress trustee business.

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:

0845 313 0024

Read more

Hot topic

We’re all professionals, right?

Opinion

Is a sole trustee the right choice?

Blog

Is AAF just a tick box exercise for the Pensions Regulator?

Case study

Developing a long term strategy with a scheme sponsor

De-risking research

Read PSGS’ de-risking survey results

Funding & investment

It’s like asking the Queen to direct the government over Brexit


Call: 0845 313 0024

online enquiry