Supporting the professional corporate sole trustee (PCST) model
We know that sole trusteeship doesn’t work in the same way as a traditional trustee board. Our approach to advising sole trustees complements this different dynamic.
We want to work alongside you, whether that is for ‘business as usual’, a specific project, or as your partner in longer term journey planning for your scheme.
We recognise that sole trustees are experienced pensions professionals and the decision makers on all aspects of running the scheme. The relationship we develop with you, and the legal advice we provide, will reflect that.
While you are the public face of the scheme, we don’t think that ‘sole’ should mean ‘alone’. We can support you in a number of ways, ranging from a ‘behind the scenes’ approach to a more active role in your meetings with the sponsor and other advisers.
We understand the governance challenges the PCST model can present and we are perfectly placed to help you by offering access to our diverse expertise and industry experience, founded on our market-leading client base.
We bring a fresh perspective by providing a sounding board and the opportunity for you to explore ideas in a way that supports good, independent decision making. You can also draw on our knowledge from advising over 450 occupational pension schemes of all sizes and structures (including our experience of schemes with overseas sponsors).
Above all, it’s about making sure you get our advice delivered in a way that suits you.
How we can help
We will work with you to find the best way of delivering our advice, always recognising that your needs may be different depending on the size and complexity of the scheme and its workload.
As you would expect, we are equally at home with project work and day to day legal advice. So whether it is regulatory compliance, risk transfer, investment or banking work, getting governance or GMP equalisation under control – or anything else that your pension scheme may need – we are here to help. We will work with you to meet your objectives and to execute projects efficiently.
As is the case for all our clients, we are flexible in how we resource and charge for the legal advice we provide. We listen to your needs and tailor our offering accordingly.