How will we support you?
Once we have our new team appointed, there will be an interactive training session run by our Trustee Secretary, Aon, and our advisers. This includes:
Working with you to identify how your particular attributes can help us – important qualities like enthusiasm, a willingness to learn and a desire to be part of a team, for example.
Bringing you up to speed on the schemes, what benefits are payable and how they are managed.
Helping you to develop your knowledge and understanding of pensions.
Explaining the legalities about running the schemes.
Outlining the schemes’ investments, how these are managed and what role the Board takes in the selection and monitoring of investment managers.
Agreeing what you would be comfortable doing.
But don’t worry, support won’t end after this training session. We have a comprehensive ongoing development programme to help all members of the team keep up to date with any changes to legislation or best practice.
You’ll also get the opportunity to meet all our professional advisers and ask them questions. These are appointed to provide their specialist knowledge to our team to enhance the work we do.
What about other resources and learning?
There’s a wealth of information made available by other organisations, including The Pensions Regulator (TPR) which is the regulatory body overseeing the pensions industry. TPR has produced an online Trustee toolkit which covers all aspects of pension scheme management. Presented in a modular format, it includes case studies and online assessments. All our current Trustee Directors and previous TTP members have found completing these modules extremely helpful. It's worth taking a look at the TPR website before applying.
We ask that anyone appointed to the team (be it as a TTP member or MND) complete the toolkit within 12 months of joining for TTP members and 6 months for MNDs.
There’s also a professional qualification for Trustee Directors – ‘The Pensions Management Institute’s Award in Pension Trusteeship (Defined Contribution and Defined Benefits Schemes)’. We encourage all our Trustee Directors to complete this certification and we provide support to those interested.