Trusteeship, Governance & Documentation Services
As a pension scheme trustee you’re always under pressure to balance the interests of members and corporate sponsors. Our Pensions team uses its experience to ease this pressure, ensuring trustees remain confident of fulfilling their obligations.
Being a trustee of a pension scheme is an important role and one that comes with a great deal of responsibility. Balancing the duties owed to members with those owed to the corporate sponsor is an arduous task.
As a result, having dedicated trustee governance measures and accurate, up to date documentation in place is now a pre-requisite to running a successful scheme. In the heavily regulated pensions world this promotes transparency in decision making in addition to healthy debate and discussion. Above all else it helps to manage the inherent risks and conflicts of interest in pension schemes as well as reducing the risk of costly litigation due to drafting errors and ambiguities.
Our Pensions & Employee Benefits team has extensive experience in this area and currently advises the trustee boards of over 30 occupational defined benefit pension schemes, as well as many defined contribution arrangements.
In addition to specific legal advice, we keep our clients informed with regular e-bulletins, seminars and workshops covering the latest issues and trends relating to pensions.
PLEASE NOTE: Our independent trustee company – Wedlake Bell Pension Trustees Limited – is available to act as trustee in appropriate cases.
Part 3 – Climate change in the spotlight: Updates from the Pensions Regulator not to ignore the ESG elephant in the room and the latest on ClientEarth’s claim against Shell PLC
We report below on two key developments since our last Spring update, as environmental social and governance (“ESG”) developments remain firmly on pension trustees’ agendas, and the risk of global… Read more →