Client feedback

“The service runs very smoothly, might have expected a few more difficulties transitioning to a professional trustee.”

“Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.”

Mark Atkinson,

Partner at CMS Cameron McKenna

“The trustee training course covered a wide variety of subjects which gives a good basis for future discussion and decision making during trustee meetings.”

Jean-Paul Gobel,

Heerema

“So much more proactive than the previous company. On the ball - thinking in advance of things needing doing - very proactive.”

Paul Rudd ,

Chairman of Trustees, Express Newspaper

“Colin provides expert trusteeship. He guides former employees not familiar with legal constraints and restrictions - he is aware of them and helps solve problems - very happy.”

“Ian has added more value than we thought he would at the start… which shows it pays to go with someone who is doing the job of a professional trustee as their bread and butter.”

Katherine Cross,

Tyser

It isn't easy being a pension trustee...

Topic:

Legal & governance

Date published:

Monday, 5 October 2015

Author:

Simon Riviere

Pension transfers rarely are straightforward nowadays - and it can be hard for a trustee to do their job and keep everyone happy.

Members and the Pensions Ombudsman are concerned about the time it is taking for transfer requests to be processed. Trustees and The Pensions Regulator are (quite naturally) concerned about ensuring a member doesn't transfer to an 'arrangement' through which they end up losing some or all of their money. Unfortunately the two don't go hand in hand - research takes time, and that is a dilemma many pension trustees now face.

Striking the right balance can be hard; but it is so rewarding when you get it right. The trustees of one of our clients recently received a letter from a member thanking them for preventing their transfer from going ahead. The member's friend had not been so lucky...

Read more about the pension transfer dilemma and learn from some real life examples in my article Transfers to improper vehicles: the trustee's perspective

Back to opinions

Hot topics

‘ PSGS & 20-20 Trustees merge to form Vidett ’

Punter Southall Governance Services (PSGS) & 20-20 Trustees (20-20) have today announced they...

‘ Don’t be surprised that your gilt funds are being treated like an emerging market ’

Image of Hot Topic author Sophia Harrison, Client Director

You may have seen or heard about the article in the Financial Times about how Insight...

More opinions »