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Core Independent Pension Trustee Services

We provide our core independent pension trustee services for:

  1. Defined Benefit pension schemes
  2. Defined Contribution pension schemes
  3. Group Life Assurance Plans
  1. Defined Benefit pension schemes

Our independent and professional trustee services will be of great benefit to you. We understand the issues, and when combined with a complex and everchanging legislative environment it means that trustees are under constant pressure to improve governance and internal controls. The threat of personal liability when things go wrong has become a real concern for trustees and makes them question the need for professional independent trustee services.

The appointment of a professional independent trustee such as Trustee Decisions can be invaluable. We currently act as trustees to defined benefit pension schemes of all shapes and sizes and can help by:

  • Ensuring the scheme’s compliance with legislation and the Pensions Authority’s Code of Practice in a cost-effective way
  • Overseeing the funding and investment strategy of the scheme
  • Working closely with the scheme advisors and challenging them as necessary
  • Assisting with the review, appointment and monitoring of the scheme advisors and Key Function Holders
  • Improving the level of knowledge and understanding of the Trustee Board
  • Managing conflicts of interest and improving trustee decision making
  • Working closely with the Key Function Holders for Risk Management and Internal Audit to ensure both compliance and value for money
  • Encouraging employer and member confidence through our experience and impartiality

2. Defined Contribution pension schemes

In recent years there has been significant changes to the legal and regulatory requirements for defined contribution pension schemes. There is also now increased scrutiny by the Pensions Authority following the implementation of the IORP II Directive. As a result, the responsibilities of scheme trustees and advisors have increased significantly.

We can help to ensure that trust based defined contribution pension schemes meet the ever-changing legal and regulatory requirements, deliver value for money and improve member outcomes. We do this by:

  • Designing an effective pensions governance programme which meets the needs of the sponsoring employer and the members of the scheme
  • Working closely with scheme administrators and scheme providers to ensure excellent performance and service standards are delivered and maintained
  • Putting in place an effective internal controls framework for the scheme
  • Regularly assessing risk and taking appropriate and timely action
  • Working closely with the Key Function Holders for Risk Management and Internal Audit to ensure both compliance and value for money
  • Monitoring and reviewing investment manager performance
  • Improving the level of knowledge and understanding of the Trustee Board where we act as joint trustees

3. Group Life Assurance Plans

 We will monitor the death in service benefits under the plan, receive details of any claims, ensure the benefit payments are correct and give direction on the payment of any claims.