“In my experience, not all professional trustees are able to cope with tricky or potentially confrontational situations. I find HR Trustees has massive experience in getting involved, earning the respect of others and resolving such issues. They get stuck in – they are a first rate team.”
“Mike is a great secretary. He does a really good job for us.”
“In any major corporate transaction, time is of the essence. HR Trustees’ pragmatic commercial approach helped us manage the pensions aspects of our group re-structure to ensure a positive outcome for all parties. ”
“These days, Boards need real expertise on tap (with excellent back-up) to cope with a constantly evolving and more regulated environment. HR Trustees is geared to delivering that.”
“It’s a pleasure working with key members of the HR Trustees team: their experience and leadership means that they know how to get the job done, working in partnership with fellow trustees, employers and advisers to achieve the best result for members.”
“So much more proactive than the previous company. On the ball - thinking in advance of things needing doing - very proactive.”
Minimising the risk of a conflict of interest when your actuarial valuation is due is one of the key reasons why you may want to make an interim independent pension trustee appointment. Balancing defined benefit (DB) pension scheme funding requirements against the need to invest in your business can be struggle for all companies, particularly if you are small or medium sized.
A pension trustee board often comprises directors or senior employees of the scheme’s sponsoring employer. Every time a formal actuarial valuation is carried out, scheme funding negotiations often become difficult to manage as company appointed trustees become conflicted, especially those individuals who are responsible for making strategic or financial decisions on behalf of the sponsoring employer.
By appointing a professional trustee on a short or fixed term basis when you need it most, PSIT can ease conflicts of interest and ensure scheme funding negotiations are completed smoothly and swiftly. As independent trustee, we negotiate with the company and enable conflicted trustees to abstain from relevant discussion and decision-making, or stand in the employer's shoes when they need to.
An interim independent trustee appointment is a cost effective way to manage challenging pensions situations and will terminate when your scheme funding negotiations are complete and the actuarial valuation is signed off.
If you would like to find out how an interim independent trustee appointment may benefit your pension scheme, please contact us.
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