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Objectives of the Trustee

S

Steve85

Member
Hello

I'm quite happy that I've got the objectives of employer, state and individual down to memory, however I was wondering if there was a similar list for Trustees? Other than using common sense I'm not sure if there's an exhaustive list around for Trustees? During my study I thought I might have seen it somewhere, possibly in a past exam question, but looking through my notes/marked assignments I've not managed to find anything.

If anyone can point me in the right direction that would be great.

Cheers

Steve
 
From the SA4 notes the objectives of the trustees of a pension scheme are as follows:

Have regular meetings to discuss the scheme
Manage any conflict of interest
Financing benefits that need to be paid to members
Administration of the scheme
Manage any discretionary benefit practise
Manage and measure performance of advisors
Manage and invest assets

I hope this helps
 
Nice points :) A few more that are applicable in some questions:
- ensure security of benefits
- operate within trust law
- act in the interest of all members
- maintain support of sponsor, where possible
- delegate duties appropriately
- not profit from duties
- maintain confidentiality.

Hope that helps
 
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