The Trustee Board
A trustee board is a group of people, known as trustees, who make sure that a pension scheme is run in the best interests of members.
Trustees work closely with specialist advisers, who help them look after a number of areas including:
Who looks after Pace?
The Pace Trustee Board is called Pace Trustees Limited and is a separate company from the Co-op. There are 9 Trustee Directors on the Board:
- 3 Professional Independent Trustees who are pensions experts
- 3 Trustees chosen by the Co-op
- 3 Trustees chosen by members of Pace
The Pace Trustees meet frequently and undertake regular training in relation to issues that they will need to understand in detail in order to carry out their role, for example investment strategy or valuing DB scheme benefits, as well as current pensions issues.
For more information on the trustees of Pace see Who are the Pace Trustees?