Defined contribution schemes

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

  • 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.
    Find out more
  • 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