Trustee Responsibilities

...looking after members' interests

The Scheme’s Trustee has a duty to ensure that:

  • the Scheme operates in accordance with the Trust Deed and Rules
  • its assets are invested in accordance with the Trust Deed and Rules, any overriding legislation and according to the Statement of Investment Principles
  • they aim to safeguard the accrued benefits of the Scheme’s beneficiaries - ie the benefits that all members, deferred and pensioner, have already built up through membership of the Scheme and paying any contributions into the Scheme in the past.

The Trustee Board meets regularly throughout the year to discuss the Scheme. They review any issues and check that the Trustee is continuing to meet its obligations to members. The Trustee takes advice from specialist advisers on certain topics, for example, the investment strategy.