What is a Pension Trustee?
A pension trustee is someone who holds an occupational pension scheme’s assets for the beneficiaries. In other words, they act separately from you, the employer. Their powers are written in the trust deed and the scheme’s rules. They exist for the protection and benefit of your employees.
You have a legal requirement to govern your pension provisions professionally, prudently and ‘with knowledge’. This is how it should be – both legally and morally.