The EY Retirement Benefits Plan (“the Plan”) is looked after by a Trustee company, E&Y Trustees Limited. The directors meet formally as a board at least four times a year, but also meet regularly in their committees and project working groups.

The Trustee makes sure the Plan’s assets are looked after properly and pension benefits are paid to the right people, at the right time. They work with a number of independent experts who provide advice around investments, risk and governance.

Sub-committees

In addition to the Trustee Board, Trustee Directors typically sit on at least one of the three committees that focus in detail on governance, investment and funding, and audit and risk-related matters.

• Governance Committee: Manages the Trustee's governance policy and business plan on an ongoing basis.
• Investment and Funding Committee: Manages the Plan’s assets to ensure all members’ pension benefits can be paid now and in the future. This includes managing the overall investment strategy, including monitoring the Fiduciary Manager’s progress against its objectives, and assisting in the effective management of each triennial valuation process.
• Audit and Risk Committee: Provides oversight and guidance on the Trustee’s approach to risk management, owning the relationship with the external auditors and overseeing the production and finalisation of the Financial Statements.