Trustee Committees

There are three Committees, made up of smaller groups of Trustee Directors. These Committees are:

Monitor and implement investment decisions that reflect the strategic investment objectives of the Fund
Monitor the performance of the investment managers
Monitor the funding position of the Fund
Monitor the performance of the Fund against the flight plan and considers the actions required in accordance with the agreed de-risking protocol
Negotiates with the Society on the triennial valuation, and any associated deficit recovery plan and the exposure of the Fund to the covenant
Monitor all investment & funding risks recommending any necessary controls

Monitor administration performance and compliance against, and the appropriateness of, the service standards
Benchmark the performance of the Administrator
Oversee the implementation of all member communications
Monitor the annual budget.
Monitor all operational risks recommending any necessary controls
Monitor and consider Permanent Ill-Health
Early Retirement (PIER) processes

Monitor and review the Trustee Governance structure and the Terms of Reference for all the Committees
Monitor the Strategic Plan and the Trustee business plan
Review the Trustee Knowledge and Understanding
Review and agree the yearly audit plan and draft annual report and accounts
Monitor and review of all delegations under the Fund's delegations register
Have oversight of the Trustee risk process and undertake an annual review of the risk framework
Monitor and review all Trustee policies, agreements and protocol