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Independent Pension Trustee

Progressive Building Society’s Pension Trustee Board is inviting applications for the position of Independent Pension Trustee. The Trustee Board is responsible for the governance and funding arrangements of the Society’s Defined Benefit Pension Scheme.

The Role

Progressive Building Society’s Pension Trustee Board is inviting applications for the position of Independent Pension Trustee.  The Trustee Board is responsible for the governance and funding arrangements of the Society’s Defined Benefit Pension Scheme.

Key Responsibilities

  • Trustee Meetings: Attendance at minimum 3 meetings per annum and preparation time to include a review of the meeting agenda, minutes and appropriate follow up and a high-level review of any ongoing funding level tracking reports.
  • Advisor performance management: To include relationship discussions and liaising with the Scheme Actuary, Investment Manager and Auditor as required.
  • Trustee Report & Accounts: Review of the Report and Accounts to include any internal controls and reporting.
  • Scheme Calendar: Oversight of the Scheme’s annual events with the relevant advisors to ensure that key Scheme events are diarised and planned for.
  • Member Discretions: Consideration and actioning of requests for use of Trustee discretionary power to include a high-level review of Scheme rules and compliance recording.
  • Compliance Monitoring: Monitoring of Annual Scheme Return, payment of Scheme Levy’s to TPR, PPF and ICO, Privacy Notice, Summary Funding Statement, CMA Compliance Statement, AVC statements, Notifiable Events and Data Breaches.
  • Scheme Governance: Review of Scheme policies, internal controls and documents to include the Risk Register, Conflict of Interests Register, Scheme logs, Business Plan, Administration reports and Society Covenant.

The Appointee

The successful appointee will have a strong technical pensions knowledge, a high level of fitness and propriety, relevant and appropriate behavioural attributes and interpersonal skills that enables them to operate as a member of a trustee board.

Application Process

Please email the Head of Human Resources Ailsa McNeill ailsa.mcneill@theprogressive.com in confidence on or before the closing date of Friday 3rd February 2023.

Progressive Building Society is committed to providing equal opportunities for all.

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