Defined contribution schemes

Our trustee service can make sure your defined contribution scheme is compliant and held to the best governance standards.
Home Services Defined contribution schemes

  • In a defined contribution scheme a member’s benefits are determined by the value of the pension fund at retirement. While a defined contribution scheme has less risks and fewer uncertainties for the sponsoring employer it brings a range of different challenges to trustees.  Member choices directly impact outcomes and for trustees ensuring that member communications are there are a number of governance and compliance challenges, and the issue of ensuring members make the right choices to achieve positive outcomes.

    The advantages of having a professional trustee on your board include

    • Having an industry expert who can drive forward value for money and better member outcomes.
    • Ensuring that the investment choices, including default funds, are suitable and appropriate for the scheme membership as a whole and are understood.
    • Ensuring communications materials are in Plain English to improve member education and maximise member engagement, which in turn will lead to better member outcomes.
    • Keeping up to date with changing legislation and regulation and how it impacts your scheme.
    • Making sure your governance policies and procedures are up to date.
    • Ensuring your scheme complies with the Pension Regulator’s Code of Practice for DC Schemes.

    Please get in touch to discuss your needs and how we can help.

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    Trustee types

    We can deliver our services in a number of different ways

    • Non-executive trustee

      • Attend and participate in trustee meetings.
      • Work collaboratively with existing trustees and sponsoring employers.
      • Provide unique innovative approaches to the challenges schemes face.
      • Monitor the scheme's investment strategy and performance.
      • Provide strategic direction.
      Find out more

    • Sole trustee

      • Experienced team working behind each sole trustee.
      • Single point of contact.
      • Work closely with the scheme’s service providers and advisors.
      • Reduces need for sponsoring employer monitoring.
      • Invite employer and stakeholders to attend formal trustee meetings.
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    • Chair of trustees

      • Provide input and prepare agenda for trustee meetings.
      • Attend and chair trustee meetings.
      • Review and approve the minutes of the meeting.
      • Monitor actions arising and feed back on progress.
      • Also a strong, experienced and knowledgeable independent trustee.
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    • Executive trustee

      • Maintains high quality professional services.
      • Strategic direction and full control.
      • Single point of contact.
      • Saves scheme time and money.
      • Access to our ground breaking technology, Mantle®.
      • Live administration and actuarial data.
      Find out more

    Key contacts

    Our team responsible for Defined contribution schemes