“Ian has added more value than we thought he would at the start… which shows it pays to go with someone who is doing the job of a professional trustee as their bread and butter.”
“They are very proactive and full of new ideas, they've brought better scheduling and better minute sets.”
“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 work that has been done has been delivered beyond expectations.”
“PSIT were overall more professional than others.”
“Very professional and engaged service.”
There are many reasons why you might appoint a professional pension trustee, so it is important you find the pension trustee company that offers the right skills and expertise for your particular scheme and situation. As well as those that are personal to you and your pension scheme, key factors to consider include:
Our reputation has been built on excellent client service. We focus on building long-term relationships and have an open and constructive style of working to help our clients meet the challenges they face and achieve the goals they have set for their scheme.
In many cases, our role as professional independent trustee is to:
We were appointed as Chair of the Grisewood & Dempsey scheme. The most recent valuation showed a 51% funding level with a £5.3million deficit. Combined with a weak employer covenant, this represented a significant challenge to the trustees and sponsor.
We provided professional guidance and support to our co-trustees, enabling strategic decisions to be taken that have ensured the scheme’s funding position has been well managed and the point of wind up has been reached. In particular, we helped the trustees:
If you are considering appointing an independent pension trustee for the first time or are reviewing your current professional trustee appointment, why not find out more about the benefits of working with PSIT?
What is the 21st century trustee?
Climate aware investing – time to change?
Compliance, enforcement & penalties: a warning to trustees
Pension scheme budget efficiency
Read PSIT’s de-risking survey results
Were our 2012 pension predictions correct?