Professional Trusteeship - Advantages
Professional trustees are not a solution to problems. However, a competent professional trustee will ensure:
- Members and The Pension Regulator are confident of impartiality;
- Good communication with members;
- Cost effective utilisation of professional advisors;
- A robust funding strategy is put in place;
- An appropriate investment strategy is adopted relative to the liabilities;
- Specialist knowledge within the trustee body;
- Conflicts of interest are avoided;
- Appropriate risk management and controls;
- Changes to a scheme, if needed, are properly implemented.
