The role of Chair is recognised as being pivotal to the successful operation of a trustee board. Providing leadership, strategic direction and efficient scheme management are just a few of the essential elements of the role and it has been specifically referenced in the latest accreditation requirements for professional trustees. A Chair of Trustee will also deal with various governance and legislative requirements.
Chair of Trustee benefits include:
Strategic leadership – aiding the Board to focus on wider scheme objectives;
Sponsor liaison – setting a collaborative framework with the Scheme Sponsor to help the Scheme run efficiently and protect the member’s interest;
Trustee board management – getting the best from the Trustee Board and making sure all available skills are fully utilised;
Informed decision making – ensuring the Board makes well-informed and timely decisions;
Wider team management – making use of specialist advisers to supplement the skill set and challenging advisers where necessary.
At Pi Pension Trustees, our independent trustees combine people management, technical knowledge and pragmatic collaborative strategies to deliver real value as Chair of a trustee board.