It can be difficult to find the time—or the talent—to ensure pension scheme members are well-served. That’s when a sole trustee can prove invaluable.
Pension schemes are resource intensive and challenging to govern. A sole trustee allows you to focus on running your business, secure in the knowledge that the scheme is being properly governed, without conflicts of interest, and that strategic issues are escalated appropriately.
A sole trustee sits in the place of a traditional trustee board, taking responsibility for pension scheme governance and operation and becoming a trusted point of contact for all aspects of the scheme.
Sole trustees can implement key projects such as buy-in, investment strategy change or wind-up; navigate ever increasing legal, tax and regulatory complexity; and use in-depth knowledge to improve efficiencies and minimise costs. Also, employers based overseas can appoint a UK based sole trustee to ensure the scheme takes advantage of English common law.
Appoint the ideal sole trustee
LawDeb’s team approach to sole trusteeship enables us to deliver highly effective operations and good governance for pension schemes of all types and sizes. All key decisions are considered on a real-time basis and signed off by two directors, with governance support provided by our Pensions Executive team.
Our independent trustees boast enviable breadth and depth of experience, including legal, regulatory, investment, actuarial, administration and covenant issues. Each trustee has access to the formidable combined knowledge of his or her trustee colleagues, and our experienced pensions governance team to execute timely and effective decisions.
LawDeb pension professionals ensure a smooth transition to sole trusteeship and consistent good governance, maintaining a regular open dialogue with sponsors and members, and getting the best from advisors.
- <£1m–>£200m Total assets per sole trustee scheme
- 29 Pensions Professionals
- 500+ Years’ professional experience