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, any associated deficit recovery plan, and the exposure of the Fund to the covenant;
Monitor all investment and 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, 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.

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