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.
Latest Insights
BESTrustees and PIC complete £213 million full buy-in for Siemens Healthineers Benefits Scheme
The Trustees of the Siemens Healthineers Benefits Scheme has concluded a £213 million full buy-in with PIC, securing the benefits of 703 pensioners and 967 deferred members and dependants. BESTrustees acts as independent Chair of Trustees of the Scheme.
BESTrustees, Isio and Utmost complete two full scheme buy-ins for the Stonegate Pub Company Limited pension schemes
BESTrustees’ pension scheme client, the Stonegate Pub Company Limited, has successfully completed bulk purchase annuity buy-ins with Isio and Utmost Life and Pensions for the Laurel Pub Pension Scheme and the Yates Group Pension Scheme. Both schemes are sponsored by Stonegate, the UK’s largest pub group. The £62 million transactions will ensure the defined benefit pension liabilities for all the Schemes’ members , removing investment and longevity risk from the Schemes, and giving the 650 members improved security. The transactions were run by a joint working group of the Schemes’ Trustees and Stonegate Pub Company Limited, supported by their respective …
