UKRF Trustee Board
The Trustee Board takes overall responsibility for the UKRF including governance, investment and administration.
About the Trustee Board
The UKRF is run by a Trustee company, Barclays Pension Funds Trustees Limited. There are nine Directors, and a third of these are member nominated directors (MNDs).
The main role of the Trustee Directors is to:
- Act in the best interests of all members and beneficiaries
- Act in line with the UKRF Trust Deed and Rules and legislation
- Be responsible for the proper running of the UKRF including: collecting contributions, investing assets and paying benefits
- Ensure that members' benefits are secure.
Trustee Committees
In addition to the Trustee Board, there are four committees:
- Trustee Audit Committee
- Trustee Disputes Committee
- Investment Committee
- Defined Contribution Committee
Other groups are set up as needed.
Independent directors
Appointed 2 July 2020
Eileen is the Chair of the Trustee Board and was appointed as an independent director in July 2020. She has had a varied career initially in corporate finance and tax, including being Head of Corporate Finance at Marks & Spencer and a partner at both Arthur Andersen and Deloitte. She has an extensive pensions background, having been CEO of the BT Pension Scheme and previously CEO of the ICI Pension Schemes and is an independent Trustee Director of the BBC Pension Scheme. Eileen is a PMI Accredited Professional Trustee (accredited by the Pensions Management Institute).
Appointed 10 April 2017
Douglas is an actuary with 40 years’ experience in the financial services industry, including spells with Scottish Amicable and HBOS plc. He is currently an adviser to a number of private investment companies in the UK.
Appointed 20 September 2016
Sue is a qualified accountant with over 30 years of financial and commercial experience, including spells as a senior executive with Standard Life and Lloyds Banking Group. She is currently a Non-Executive Director of Wates Group, Schroders and Co, FNZ UK, Clarksons and Co-operative Bank.
Management appointed directors
Appointed 1 September 2024
Richard is a chartered accountant and has worked for Barclays for 18 years. He is currently Group Tax Director, and before joining Barclays he worked at Diageo, Shell and PricewaterhouseCoopers.
Appointed 20 September 2017
Paul is a chartered accountant and worked for Barclays for over 25 years, most recently as the Finance Director for Corporate Banking. He was previously a Trustee of the Barclays Capital Pension Scheme.
Appointed 1 September 2023
Bridget was appointed as a management appointed director in September 2023. She worked for Barclays for 15 years as Global Head of Pensions & Benefits and has extensive pensions and consulting experience. She is a qualified actuary and a PMI Accredited Professional Trustee (accredited by the Pensions Management Institute).
Member nominated directors
Appointed 22 September 2020
Maxine was appointed as a member nominated director in September 2020. Max has worked at Barclays since 2006 working in the Investment Bank, Corporate Banking and latterly Barclays UK. Prior to Barclays, Maxine was at JPMorgan for 12 years, predominantly in Investment Bank, with early career in the Retail division of Lloyds Bank for seven years.
Appointed 1 January 2023
Deborah was appointed as a member nominated director in January 2023. She worked for Barclays for five years, most recently as Head of Equity Sales Emerging Europe and Africa, with previous roles at the Kleinwort Benson and Merrill Lynch groups. She has two other pension fund director/trustee roles and is a non-executive director of three organisations.
Appointed 1 September 2024
Paul worked for Barclays for three years, most recently as Group Employee Relations Manager, and has extensive experience in human resources, IT, communications and health and safety. He is currently Group HR Director of LTE Group, sits on the Local Pension Board of the Greater Manchester Local Government Pension Fund and is a trustee of a medical charity.