Prudential Staff Pensions Limited is a limited company responsible for ensuring that the Scheme is administered in accordance with the Trust Deed and Rules.
The members of the Board of the Trustee serve as individual Trustee Directors. There are up to 10 directors - four of whom are Member Nominated Trustee Directors (MNTDs) of which three are appointed by employee members and one by pensioner members. The remaining six are appointed by the Company with at least one Pensioner Trustee Director.
Both the Asset & Liability Committee and the DC Section Committee are assisted by an Investment Committee and other Working Parties.
Monitors the DB Section’s funding (including the DB Section Investment management policy).Read more
Reviews and assesses the risks to the Scheme and oversees the Trustee’s governance framework. It’s also responsible for producing the Scheme’s Annual Report and Accounts.Read more
Considers any complaints received by the Trustee.Read more
Responsible for our administration services and the monitoring of investments in respect of the DC Section.
The key responsibilities of the Asset & Liability Committee are:
The key responsibilities of the Audit & Governance Committee are:
The key responsibility of the Disputes Committee is to consider and decide on any Stage 2 disputes received by the Trustee under the Internal Disputes Resolution Procedure.
The key responsibilities of the DC Section Committee are: