Trustee Good Practice Guide
Other key roles
The interaction between the trustees and the caseworker is fundamental to ensuring that a scheme progresses successfully through the assessment period. The following advisors also play a vital role in ensuring that the key activities during the assessment period are completed accurately and in a timely manner.
Scheme administrator
Your scheme administrator continues to remain responsible for carrying out their day-to-day duties involved with administering a pension scheme.
We would also expect your scheme administrator to be involved with helping you to complete the following key activities during the assessment period:
- reducing existing pensions in payment during the assessment period
- reviewing ill health pensions
- conducting a benefit and data audit, and
- preparing the scheme and member data for transfer to
the PPF.
Scheme actuary
During the assessment period, the primary role of your scheme actuary – or, in exceptional circumstances, an actuary appointed by the PPF – is to produce an actuarial valuation of the scheme’s liabilities in accordance with section 143 of the Pensions Act 2004 and relevant guidance.
Legal advisor
We would expect your legal advisors to provide you with guidance and support in carrying out the following key activities:
- review admissible rules, and
- review the equalisation history of the scheme.
Investment advisor
We would expect your investment advisors to work with you during assessment to determine an appropriate investment strategy for your scheme as it progresses through the assessment period and to make any changes to your existing investments as required. Any proposed changes should be discussed with your caseworker.