The Group Trustee is Electricity North West (ESPS) Pensions Trustees Limited. The individual members of the corporate Trustee are called Directors and collectively they form the Board of Directors. The Board of Directors of the Trustee includes representatives from the Company and the membership.
Anything affecting the Scheme as a whole is considered by the Board, including:
- investment beliefs and objectives
- valuation outcomes
- developments in pensions legislation or regulations
member disputes
- changes to the Scheme rules, and
- the appointment of advisers
The Trustee is helped in its duties by a number of professional advisers who are formally appointed. All adviser appointments are reviewed on a regular basis, at least every three years.