Client feedback


They deliver above expectation when the scheme has a particular challenge.
Ian Edwards,
Comet
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.
Duncan Buchanan,
Partner at Hogan Lovells
PSIT was chosen because of their knowledge of the subject and awareness of our particular schemes.
George Batho ,
Trustee, Lansing Linde
Excellent service - as expected and why PSIT was chosen.
Stuart Barker ,
Independent Occupational Pensions Consultant, RSPCA
​I enjoy working with PSIT and we have a very positive relationship. I was new to pensions and found them very helpful.
Bruce Allison,
RTUK
They have helped us save much more and created a cohesive plan to de-risk whilst building an integrated pension team.
Sally-Anne Borrill,
T-Systems
image for Appointing an independent pension trustee | Need for professional trustee

Why use a professional pension trustee?

There are clear times at which an occupational pension scheme or sponsoring employer should consider appointing an independent pension trustee.

They include when:

  • there is a gap in your pension trustee board’s knowledge or experience that needs filling - particular expertise may be needed in, for example, pension investment, buy-outs , pension scheme governance, scheme wind up etc
  • additional support is needed to deal with legislative or regulatory requirements, such as creating and maintaining an integrated funding and risk management plan
  • demonstrating you have independent expertise on your trustee board would be beneficial for relationships with pension members and other key stakeholders

Alternatively, you may find yourself in one of these five common situations that have led clients to appoint an independent trustee from PSIT:

  • Conflicts of interest – this is often an issue for employer-nominated pension trustees during pension scheme funding and recovery plan negotiations, or during a corporate deal that might impact the strength of the employer covenant.
  • Fundamental change to the pension scheme benefits - a typical example is when the sponsoring employer wants to close a pension scheme to future accrual, as it is important the company does not have undue influence on the pension trustees’ decisions.
  • Poor adviser performance - when the sponsoring employer or pension trustees feel they are not receiving the best service or advice, or when your pension scheme costs appear to be spiraling out of control.
  • At or following a formal actuarial valuation - when a pension investment review is about to start, familiarity with asset and liability studies and knowledge of the wide range of investment options available to pension schemes becomes crucial.
  • Insufficient time – for many pension schemes, especially those closed to future accrual, existing trustees often simply don’t have enough time or the motivation to deal with the legacy arrangement. Appointing PSIT as sole trustee removes the burden and responsibility for managing the pension scheme from them.

If you would like to talk through how we can help with your pension scheme, please contact us.

Speak direct to our specialist in this area

Picture of James Double independent trustee at PSIT

James Double

Head of Trusteeship

Or call us on:

0845 313 0024

Read more

Free self assessment tool

How effective is your trustee board?

PSIT blog

Professional trustee v independent trustee – is there a difference?

We’re all professionals, right?

Raising standards for professional trustees

Case study

Improving the value of legal advice

PMI News article

Assessing trustee board performance

Award winners

Independent Trustee Firm of the Year UK pensions Awards Independent trustee firm of the year

Call: 0845 313 0024

online enquiry