The role of a trustee is complicated, time-consuming and involves often expensive processes. Trustees have a vital role to play in the running of a defined benefit scheme, managing money or assets that have been set aside in pension trusts. Essentially, they ensure that the scheme benefits are protected for its members and that money or assets are only used for the benefit of the trust and its members.
A pension trustee’s responsibility in maintaining services that are not only comprehensive, but also provide good value, is a constant challenge. It could even be possibel that you may be personally liable for any loss caused to your pension scheme if something were to go wrong. With such challenges, knowing where to turn for help can be a daunting prospect.
At McMillan Wealth Consultants, we understand the priorities and concerns that professional trustees face and have a number of solutions that can help. We can provide access to a bespoke strategy for trustees through Professional Trustee Solutions, incorporating cost-effective actuarial and administrative services, combined with the St. James’s Place approach to investment management.
If you’d like to find out more about the corporate trustee services we can provide, please contact us today.