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 current Trustee Directors and their date of appointment are:
About the Trustee Directors
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.
In addition to the Trustee Board, there are two committees:
- Trustee Audit Committee
- Trustee Disputes Committee
There are also two permanent Trustee Advisory Groups:
- Member Experience Trustee Advisory Group
- Investment Advisory Group
Other groups are set up as needed.
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). Eileen is chair of the Trustee Disputes Committee.
Douglas was appointed as an independent director in March 2017. He 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. Douglas is chair of the Investment Committee.
Sue was appointed as an independent director in September 2016. She 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. Sue is chair of the Trustee Audit Committee and a member of the Trustee Disputes Committee.
Management appointed directors
Paul was appointed as a management appointed director in September 2017. He is a chartered accountant and has worked for Barclays for over 25 years. Paul is the Business Manager for Consumer Banking & Payments and was previously a Trustee of the Barclays Capital Pension Scheme. Paul is a member of the Investment Committee.
Lawrence was appointed as a management appointed director in January 2014. He is retired from Barclays where he worked for nearly 40 years, most recently as Company Secretary. Lawrence is a member of the Trustee Disputes Committee and the Investment Committee.
Sian was appointed as a management appointed director in July 2019. Sian is a qualified lawyer by background and is the current Head – Customer; Economic Crime for Barclays UK. Sian is chair of the Member Experience Trustee Advisory Group.
Member nominated directors
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. Deborah is a member of the Trustee Audit Committee and the Member Experience Trustee Advisory Group.
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. Maxine is a member of the Trustee Audit Committee and the Member Experience Trustee Advisory Group.
Keith was appointed as a member nominated director in January 2015. He worked for Barclays for over 20 years, most recently as a Managing Director within Corporate & Investment Banking. He is a Non-Executive Director at LoopUp Group plc and has previously served as Vice Chair and Board Member of the Loan Market Association. Keith is a PMI Accredited Professional Trustee (accredited by the Pensions Management Institute). Keith is a member of the Trustee Audit Committee and the Investment Committee.