“I wanted to look at the effectiveness of our trustee board, so Gillian, our PSIT scheme secretary, provided their trustee self-assessment tool to help me gather thoughts and opinions from others on the board. The tool was extremely easy to use and asked all the right questions to help me collect the information I needed as Trustee Chair. It is a great example of the way PSIT shares knowledge with their clients and makes dealing with key governance issues easy. As well as enabling me to meet one of the Regulator’s 21st century trusteeship requirements, using the tool has flagged trustee training needs and ways we could improve trustee meetings further. ”
“Where HR Trustees 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. ”
“The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.”
“They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.”
“Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.”
“They have helped us save much more and created a cohesive plan to de-risk whilst building an integrated pension team.”
Chris is a Client Director at HR Trustees Limited. He is chair of three trustee boards and sits on two others. He also spends part of his time seconded to BAE Systems in their pensions department.
Chris has been involved in the pensions industry for many years, starting at Prudential as an actuarial trainee in their pensions division.
In the mid eighties he moved to what later became Aon Hewitt, where he fulfilled a wide range of senior roles. These included client management, divisional director and scheme actuary appointments.
Throughout his pensions career as actuary and chair of trustees, Chris is most proud of resolving a very contentious issue between a sponsoring company and trustee board in connection with the interpretation of the scheme’s rules. It was a long running and difficult matter involving conflicts of interest, inadequate records, significant amounts of money and conflicting legal opinions.
10 Jul 2018
Our trustee executive services team are increasingly being asked to provide interim support to pension trustee boards and on pension projects....
4 Jul 2018
Should we be advertising to pension members the ability to transfer benefits from a defined benefit (DB) to a defined contribution (DC) scheme and...
27 Jun 2018
One of our clients had four separate defined benefit (DB) pension schemes with different pension trustee boards and only a few common advisers....