Client feedback

“PSGS was chosen because of their knowledge of the subject and awareness of our particular schemes.”

George Batho ,

Trustee, Lansing Linde

“It’s a pleasure working with key members of the PSGS team: their experience and leadership means that they know how to get the job done, working in partnership with fellow trustees, employers and advisers to achieve the best result for members.”

Mark Smith,

Partner at Taylor Wessing

“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

“We now have a very collaborative approach between trustees and employer.”

Peter Millard,

Company Secretary, TRL Limited

“As a pensions novice, I felt that the trustee training course gave me a good grounding.”

Will Court

“Stuart is a very experienced and good leader and certainly has met expectations.”

Christopher MacFarlane ,

Bristow Group

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

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