We were delighted to read a terrific article from our friends at Muse Advisory on why independence matters in Pensions. We couldn’t agree more.
There are real concerns in the wider industry about the consolidation in the number of independent trustee firms, especially where those firms deliver many different governance and scheme services to a scheme without appropriate checks and balances. Inevitably, there will be conflicts of interest and a lack of diversity of thought and opinion. BESTrustees is 100% owned by its employees in a way that protects us from acquisition and frees us from third-party commercial influence.
Read the whole article on the Muse Advisory website by clicking here.
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BESTrustees response to the DWP consultation
We are delighted to have had the opportunity to respond to the Department for Work and Pensions’ consultation regarding trust-based pension scheme trusteeship and governance. BESTrustees’ response is in the context of our experience as a firm of professional trustees providing pure trusteeship and governance. We are an independent, employee-owned company with no other services or products to cross-sell, unlike some of our competitors. Our commercial drivers do not require us to add other service lines and we don’t need to provide dividends to meet external shareholders’ requirements. In our model, the distinction between impartial trusteeship and independent advice can …
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BESTrustees and the Deloitte UK DB pension scheme completes £700m Bulk Purchase Annuity
BESTrustees client, the Deloitte UK pension scheme (DUKPS) section of the Pensions Master Plan, has concluded a £700 million Bulk Purchase Annuity (BPA) transaction with Standard Life, securing the benefits of all pensioner and deferred members of the legacy defined benefit scheme. The transaction completed in January 2026 and is to be followed by an accelerated move to full buyout by April 2026. As part of the transaction, Standard Life will equalise Guaranteed Minimum Pensions (GMP) on behalf of the Scheme following buyout. This will involve Standard Life taking on additional responsibilities compared to a typical transaction, undertaking both the …
