Trusteeship

A collaborative approach to Trusteeship

Dalriada.Together places trusteeship at the core of its services, acting as the Professional Corporate Sole Trustee (PCST) to provide seamless management and comprehensive oversight for your pension scheme.

As the central point of contact for you, your members and advisers, Dalriada’s team of experienced, accredited trustees brings expertise across key disciplines, including investment, actuarial science, legal compliance, administration and covenant management. By working closely with Scheme advisers, we ensure your scheme is managed efficiently with expert insight, focusing on collaboration rather than external control.

Through Dalriada.Together, you receive a detailed, actionable project plan covering all compliance and operational needs without losing sight of your scheme’s long-term objectives.

We emphasise cost-effectiveness by employing streamlined processes and leveraging modern technology to keep management efficient. An annual budget is agreed with you, ensuring clear invoicing and financial reporting to ease your internal finance processes.

Turning collaboration into actionable results

At the foundation of Dalriada.Together’s approach is a commitment to fostering a trust-based relationship between you and the trustee. This partnership is built on a mutual understanding of your company’s and pension scheme’s objectives, ensuring that your scheme runs efficiently while improving member welfare.

We understand that pension scheme management can be resource-intensive, often consuming significant time and increasing costs. Through open and collaborative engagement, we alleviate much of this strain, allowing you to fully focus on your  business priorities.

Dalriada’s professional trusteeship is anchored in industry best practices and operates with the efficiencies of scale and centralised management. This approach ensures streamlined operations that remain entirely aligned with your scheme’s unique objectives.

Governance excellence

Dalriada.Together upholds the highest standards of governance, delivering timely and responsible oversight that places your members at the heart of all activities.

Our commitment to governance means:

• Meeting statutory deadlines consistently so you never have to worry about compliance.
• Anticipating regulatory changes so your scheme stays ahead of evolving requirements.
• Prioritising fiduciary care, ensuring every decision serves the best interests of your scheme and its members.

At a minimum, Dalriada adheres to the Association of Professional Pension Trustees’ (APPT) guidance on Professional Corporate Sole Trustee standards. Some of our team members even contributed to drafting this industry guidance, demonstrating our commitment to leading in governance excellence.

Our team-based approach mitigates operational risks, ensuring your scheme benefits from collective expertise and consistent service delivery.

Diversity and inclusion in Trusteeship

Dalriada’s commitment to diversity and inclusion enriches our trusteeship services, delivering broader perspectives and stronger outcomes for your scheme. Our team spans a diverse range of ages and includes balanced gender representation, drawing on experience in administration, investment, actuarial science, legal,  compliance and pension regulation.

This diversity ensures that Dalriada.Together can engage meaningfully with a wide variety of advisers and stakeholders, guiding your scheme forward effectively.

Cost efficiency and streamlined processes

Acting as an “Executive Trustee,” Dalriada takes the lead in driving your scheme’s objectives, working with appointed advisers  to keep your scheme’s interests central. We develop a comprehensive project plan alongside you, outlining specific actions to achieve long-term goals. This business plan includes business-as-usual requirements, compliance measures, and targeted actions aligned with your scheme’s overall mission.

Cost management is a hallmark of Dalriada.Together, leveraging the efficiencies of consolidation to reduce expenses without compromising service quality. Your annual budget, agreed upon in advance, ensures clear financial visibility. Our streamlined invoicing process keeps your internal reporting straightforward, freeing up your finance team and enhancing financial transparency.

Mitigating conflicts of interest

In traditional trustee board structures, conflicts of interest can arise when trustee board members hold senior roles within the sponsor company. By appointing Dalriada.Together as your sole trustee, the legal responsibilities shift away from Employer and Member Nominated Trustees, removing potential conflicts.

We value the knowledge of previous trustees and incorporate it into the transition process, ensuring continuity and capturing essential scheme information. In many cases, we establish “Pension Committees” comprising previous trustees to provide valuable advisory support, preserving scheme history while safeguarding member interests.

Experience the Dalriada.Together advantage

Dalriada.Together offers a unique trusteeship model that combines expert governance, transparent financial management, and a collaborative approach. We work alongside you to achieve your scheme’s objectives, ensuring clarity, confidence and efficiency at every stage.

Ready to strengthen your scheme’s governance?

Explore how our trusteeship services can simplify your pension scheme management and enhance member outcomes.