The area of Pension Legislation and regulation is an ever changing landscape. This complex environment is placing extra pressure on existing scheme trustees to continuously increase their level of knowledge and expertise. Indeed, trustee training is now mandatory for all pension trustees. The time pressures of the day job and the costs associated with trustee liability insurance mean that many companies and trustees are finding that it is more advantageous to appoint an professional trustee as trustee of their scheme.Our associate company, Harvest Trustees Ltd, provides trustee services to a large number and variety of Trusts.
With effect from 1 February 2010 all pension trustees appointed must undergo trustee training every 2 years. Where a professional trustee is appointed the employer is not required to arrange trustee training. An employer can appoint Harvest as a trustee and we will take over the responsibility and duties of trusteeship on your behalf. This will remove your requirement for trustee training and will ensure your scheme is compliant with the new regulations.
Additionally Harvest Trustee services include:
Please note that the provision of this product or service does not require licensing, authorisation or registration with the Central Bank and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.