Dalriada is one of the leading providers of Sole Trusteeship for UK pension schemes.

In our view each Sole Trusteeship appointment is unique reflecting the circumstances of the Scheme and sponsoring employer.

We use a team of experienced pension professionals to service each appointments with the team reflecting the bespoke requirements of each scheme. Our pool of trustees is made up of actuaries, administrators, lawyers, investment specialists, covenant specialists, accountants, pension managers and others which ensures we can always call upon the right team for your scheme.

We work with the employer in a pragmatic and collaborative way to satisfy our duties as trustee whilst ensuring there are no unexpected surprises for the employer. In our role, we will work closely with the scheme’s service providers and advisors to ensure they provide what the scheme needs.

We invite the employer and other stakeholders to our formal Trustee meetings so that they can see work we do.

Dalriada will take on the legal responsibility for running the scheme freeing-up time for the senior management team. Dalriada will ensure regulatory compliance for your scheme.

Dalriada will deliver a solution that works for the scheme and the employer.

As an independent, there is no conflict of interest in using us.

4th Announcement – November 2017

This is the fourth Announcement to members and is the annual update on what actions have been taken in relation to our appointment as trustees.

You may recall that Dalriada Trustees Limited (Dalriada) is a professional independent trustee which was appointed by Court Order to take over the running of the Scheme on 19 September 2013. Dalriada is experienced in dealing with pension schemes that have complex issues and / or have unusual investments.

As an independent trustee, Dalriada is not linked in any way with the original trustees of the Scheme. Dalriada replaced the original trustees and was given exclusive powers to deal with the Scheme. The original trustees have had no involvement in running the Scheme since our appointment.

Dalriada was appointed because there were concerns that the Scheme was being used for pension liberation.

Dalriada is one of the leading providers of Sole Trusteeship for UK pension schemes.

In our view each Sole Trusteeship appointment is unique reflecting the circumstances of the Scheme and sponsoring employer.

We use a team of experienced pension professionals to service each appointments with the team reflecting the bespoke requirements of each scheme. Our pool of trustees is made up of actuaries, administrators, lawyers, investment specialists, covenant specialists, accountants, pension managers and others which ensures we can always call upon the right team for your scheme.

We work with the employer in a pragmatic and collaborative way to satisfy our duties as trustee whilst ensuring there are no unexpected surprises for the employer. In our role, we will work closely with the scheme’s service providers and advisors to ensure they provide what the scheme needs.

We invite the employer and other stakeholders to our formal Trustee meetings so that they can see work we do.

Dalriada will take on the legal responsibility for running the scheme freeing-up time for the senior management team. Dalriada will ensure regulatory compliance for your scheme.

Dalriada will deliver a solution that works for the scheme and the employer.

As an independent, there is no conflict of interest in using us.

• Controlled at the right level;
• Updated in real time;
• Considers the risks appropriately.

“I have seen many registers that are a wonderful sea of green with no risks identified. I would be confident without exception that these registers must simply be wrong.”

Summary

The risk register does not need to be overly complicated. If you consider the three points above, you should have a document that is:

1. Controlled at the right level;
2. Updated in real time;
3. Considers the risks appropriately.