“Very professional and engaged service.”
“The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.”
“PSIT were overall more professional than others.”
“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. ”
“Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. HR Trustees has the experience and the resources to help trustees manage these burdens.”
“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. ”
Stuart is Chairman of PS Independent Trustees (PSIT). He acts as independent chairman to a large hybrid scheme and is pro bono chair of three other defined benefit schemes.
Stuart trained at Duncan C Fraser & Co before its acquisition by Mercer. In 1988, he established Punter Southall with Jonathan Punter; this remains the most successful start-up in the actuarial consultancy market for over 30 years. He remains much involved with client work and, in addition to his professional trustee appointments, is scheme actuary to schemes varying in size from £15 million to £4.6 billion.
During his career Stuart has attended well in excess of 1,000 trustees’ meetings in a variety of capacities (including chair). He is fully conversant with the legislative, regulatory and good governance requirements of UK pensions and has the ability to appreciate and balance the duties and concerns of all parties to such schemes. Having grown a business from only 9 people to over 1,200 staff, Stuart has demonstrable entrepreneurial attributes and an ability to interact with and motivate a wide range of people. These skills are invaluable to running a financially efficient and operationally effective pension scheme.
Stuart was an early editor of ‘The Actuary’ magazine, has sat on the Ethics Committee of ACA, and has served as its Chairman. He is a regular speaker at client events and outside conferences and is an accredited mediator. His also sits on the Group’s Risk Management and Professional Affairs Committees.
Stuart is also a non-executive director of Neptune Investment Management Limited, a governor of two independent schools and a pro bono trustee of an educational trust.
12 Sep 2018
The DWP’s White Paper set out the advantages consolidation can bring to defined benefit (DB) pension schemes by reducing costs per member,...
4 Sep 2018
This case study looks at the lessons we learned from a £600m buy in and our top tips when it comes to the quality of contingent spouse data.
1 Sep 2018
Pension trustee board effectiveness from PSIT