What is governance?

Often, the least valued and least understood aspect of pension schemes is how they are governed. Governance means the controls and systems in place that dictate how key decisions are made.

The trustees of SuperTrust are responsible for the governance of the scheme. See below for further information on who the trustees are.

The trustees

The scheme is governed by three independent corporate trustees who each ensure that the administration and investment management of the scheme is in the best interest of members.

HR Trustees are one of the UK's largest professional trustee firms for occupational pension schemes. Their experts have helped more than 500 pension schemes since they were established in 1993.

SuperTrust UK Ltd itself acts as a trustee of the scheme, which helps to ensure joined up thinking and processes across all of the scheme's service providers.

Pitmans Trustees Limited is a market leading and award winning provider of independent governance services, that specialises in managing pension schemes.

How is good governance assured?

SuperTrust submits itself to a rigerous audit of its systems and processes which are reviewed by the Pensions Regulator before being recognised as an accredited master trust pension scheme on the Pension Regulator's website.

The Pensions Regulator

SuperTrust is accredited under the Master Trust Assurance Framework, which was developed by the Chartered Instutute of Accountants in England and Wales, with the assistance from the Pensions Regulator.


MAF

Also known as ICAEW AAF 02/07, the framework attempts to set a minimum set of standards at which multi-employer trust based pension providers mush adhere to.

What is governance?

What is governance?

Governance means the controls and systems in place that dictate how key decisions are made.

The trustees of SuperTrust are responsible for the governance of the scheme.

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