independent trusteeship

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why should I consider appointing an independent trustee?

An independent trustee can provide:

  • reassurance - for scheme members in the face of current uncertainties and concerns, increasing complexity and greater demands on trustees personally
  • conflicts of interest - for company executives who are also trustees of defined benefit schemes where the company faces funding shortfalls or changing or terminating the scheme
  • experience and knowledge - to help the other trustees understand the key issues
  • efficiency and value for money - how best to make use of the scheme's advisers
  • strategic thinking – ensuring limited company resources are earmarked for on-going operations where a company is replacing a defined benefit arrangement with a defined contribution for the future
  • continuity and simplification – as trustee groups have changes of personnel

 

An independent trustee can also be appointed by the Pensions Regulator when a company goes into administration, receivership or liquidation.

 

why choose Blake Lapthorn Pension Trustees Limited?

 

We are one of the few law firms who have created a specialised unit that provides the services of independent trustee for your company. Blake Lapthorn Pension Trustees Limited offers:

 

  • a multi-disciplinary team, supported by the resources of a substantial, multi-practice law firm
  • a partnership approach to our work with other trustees, employers and pension scheme members
  • a commercial approach, tailoring what we do to the needs of the scheme and other trustees, from a guiding role to being more hands-on and assuming greater responsibilities
  • focus on helping the scheme to meet its objectives
  • protection of the client’s and members’ interests through professional services regulation and insurance

 

We are also on the Pension Regulator's trustee register and can take on appointments where trustees have been removed or where an insolvency practitioner or the official receiver is appointed.

 

For further information about our service please contact Adrian Lamb in the Pensions team on 023 8085 7084 or email adrian.lamb@bllaw.co.uk