Pi Pension Trustees are one of the leading providers for sole trusteeship with over two thirds of our trustee appointments based on this structure. A Sole Corporate Trustee is becoming an increasingly popular choice for Trustee Boards and Employers for a number of reasons.
It is essential for sole trustees to have a robust governance framework within the trustee organisation. This helps to provide a rigorous peer review system and additional security for both company and members. Our trustee appointment processes and procedures are independently audited on an ongoing basis, ensuring compliance with the Assurance Reporting Framework (AAF02/07).
Why Appoint A Sole Corporate Trustee?
A sole trustee can meet a number of challenges of managing mature pension schemes. and can enable a pension scheme to be run cost effectively with robust governance processes to help deliver the member benefits.
Sole Trustee Benefits include:
Board Succession – A planned move enables the transfer of historic scheme knowledge from the existing trustee board. Enabling existing trustees to retire secure in the knowledge that member interests are protected.
Regulation Compliant – Complexity of legislation and investment portfolios means that the duties on trustees to maintain their ongoing knowledge continues to be demanding. It is part of the duty of a professional trustee to remain up to date with changing legislation and investment developments so reduces the need for additional trustee training .
Streamlined scheme management – Moving to sole trusteeship can help streamline the governance framework and lead to shorter time frames for delivery of some complex areas and more focused trustee meetings which in turn helps to control adviser budgets.
Combined scheme services – As part of our sole trustee service, we are also able to offer secretariat services as a combined scheme management solution. A scheme secretary will play a pivotal part in ensuring good governance and combine strong organisational skills with pensions knowledge, to help the sole trustee meet best practice requirements.
Why Choose PiTrustees Sole Trustee Services
We combine the range of skills and experience of our trustees and the wider team to meet individual client requirements in a highly effective way. Our service focuses on the following aspects.
An open, collaborative and partnership approach with the scheme sponsor.
Agreeing a shared set of strategic objectives for the pension scheme.
Collaborating with the outgoing trustee board to share knowledge
Establishing working relationships with the scheme providers and advisers, using our wider market knowledge to ensure services are optimised with effective cost management.
Our services and fees are tailored to meet the specific needs of your pension scheme and we are happy to agree fixed fees where possible. Our team are ready and waiting to help with your sole trustee needs.