Scheme Secretary

We can provide our secretarial services both as a standalone and a bundled service alongside our trusteeship services

  • Dalriada routinely provides pension scheme secretary services both as a standalone and bundled service alongside our trusteeship services. We can provide a core service or encompass specific additional responsibilities, such as liaising with the scheme actuary and external third parties, as required. We can also provide general guidance on regulatory and legislative compliance to a best-practice standard and help in structuring meetings more effectively.

    We see the core secretarial service to be provided to the scheme as comprising: 

    • Attendance at the trustee meetings over the course of a year. 
    • Preparation and circulation of trustee meeting agendas and papers in advance of the meeting. 
    • Drafting and circulating trustee minutes and action points following the meeting

    When providing a scheme secretary Dalriada looks for an individual with both a full working knowledge of pensions and the ability to perform the required secretarial functions. We feel this is important to ensure that the scheme secretary can operate with minimum external input, and can minute challenging meetings with detailed specialist content.

    These core secretarial services could be extended, for example as follows: 

    • Maintaining governance documentation and standards. This ensures that there is a single person clearly responsible for co-ordinating and managing regulatory and legislative compliance on governance matters, which minimises the risk of particular issues falling between advisers, or between the advisers and trustees. 
    • Working collaboratively with a range of advisers. Managing the relationships across a broad range of  advisers. 
    • Effective challenge of advisers. The Pensions Regulator expects trustees to provide effective challenge to advisers, where appropriate, and to test the advice provided. A professional Scheme Secretary can assist the trustees in providing such challenge. 
    • Assisting in the management of potential conflicts of interests. A key aspect of governance is the identification and management of potential conflicts of interest. 
    • Filling knowledge gaps. An experienced and professional scheme secretary can complement the existing skillset and knowledge base of the current trustees. 
    • Focussed and specific advice. It is important to ensure that instructions to advisers are clear and concise so that the resultant advice is focused and specific and addresses the trustee requirements. Failure to do this can result in cost and time inefficiencies. 
    • Trustee Knowledge and Understanding. A professional scheme secretary can help identify, co-ordinate and manage training and development needs to assist the trustees to comply with their Trustee Knowledge and Understanding obligations.

    If you’re interested in our pension scheme secretary services, please get in touch using the contact form or speak directly to one of our team who will be able to help.

  • Get in touch

    Please complete this form and a member of our scheme secretary team will contact you shortly.

    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
    • 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.
      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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    • 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

    A selection of our team who can be appointed to a scheme secretarial role