Sole trusteeship
Meet our sole trusteeship specialists
Whatever the reason – from increasing regulation, personal liability or demanding day jobs; we know how hard it can be to find the right people with the time, energy and commitment needed to be a pension scheme trustee. This is where we can help.
Our personable, pragmatic and professional team of trustees invest time to get to know your business and your members to know how to improve the speed of decision-making and the accuracy of execution. We love our work; combining trust and collaboration, with member focus and engagement, to help sponsoring employers start benefiting from regular, open, progressive dialogue.
Why appoint a sole trustee
Our sole trustee service is not a one-size fits all solution. Instead, we structure it to meet your scheme’s specific needs. We take advantage of the things that are already working well, or where the sponsor can add specific strength, and efficiently fill in the gaps with the economies of scale that Vidett brings. You will save money, and get things done efficiently.
Acting as the sole trustee to over 150 schemes, we are the experts in looking after defined benefit (DB), defined contribution (DC) or hybrid pension schemes. We understand the common complexities and challenges they bring. Our team can offer you a diverse range of skills, that put us in pole position to help in many different areas, including:
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Getting schemes to their endgame – balancing member interests with the sponsor’s goals, we love achieving an outcome efficiently and in a cost effective way.
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Ensuring value – for DC members, including appropriate investment choices and providing members with good outcomes.
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Implementing an investment strategy – reducing volatility but considering the sponsor’s risk appetite.
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Navigating complexities – sponsor transactions, historic benefit structures, past administration or documentation failings that can make decision-making difficult.
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Monitoring performance – escalating advisory fees, poor service standards or risk averse advice leading to high costs and/or ineffective solutions.
Case studies
Securing a speedy £160m buy-in for Repsol Sinopec
Whilst acting as the sole trustee for the Repsol Sinopec Pension and Life Scheme, see what we did to help them capitalise on an improvement in scheme funding levels.
This case study is a great example of how we quickly secured members benefits through collaboration and teamwork.
Working collaboratively with a scheme sponsor to develop a long term strategy
Our client was a hybrid pension scheme with closed defined benefit (DB) section and an open defined contribution (DC) section used for automatic enrolment. Together these had 1,880 members (1,050 active), £7.5m in annual contributions and £75m in assets.
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