Deputy Chair
The deputy chair of the trustee corporation will be a high profile role and central to the success of the personal accounts scheme. The duty of the deputy chair as the trustee of the personal accounts scheme is to ensure that scheme members receive their benefits in accordance with the rules and the law. The trustee corporation deputy chair will have the following key responsibilities:
- to act in accordance with the scheme order and rules and in the best interest of scheme members;
- support the chair outside of meetings, particularly in carrying out ambassadorial duties and engaging with stakeholders;
- chair any meetings at which the chair was unavailable and to have the authority to act in the same capacity as the chair for the duration of such meetings;
- in the event of any long term unavailability of the chair, to undertake any duties that the chair would normally be responsible for;
- to contribute to board meetings and discussions drawing on their relevant expertise;
- to chair one or more board committees, and prepare the agendas and papers for those committees;
- to work with the chair to help shape the strategic direction and policy for the trustee corporation;
- to help ensure the delivery of a high quality, low-cost pension scheme for scheme members and future members;
- to ensure the scheme maintains a trusted and high public profile;
- to work with the chair and other members to ensure the governance arrangements for the scheme are of an excellent standard;
- to ensure scheme members, and future members have confidence and trust in the personal accounts scheme and that their views are fully represented;
- to ensure the trustee corporation meets the requirements of being an NDPB;
- to ensure the scheme is run in line with the Pensions Regulator’s codes of practice and guidance notes (see training and legal requirements below)
Candidates
All appointments to the trustee corporation are made on the basis of merit and will ensure the Board as a whole contains the right balance of experience, knowledge and expertise and reflects diversity.
The deputy chair of the trustee corporation will be a senior figure from the investment, fund management, business and pension trustee community with strong technical skills and a reputation for outstanding strategic planning and consistent delivery of results. Experience at board level in a sizeable organisation will be essential. They will be comfortable with influencing the development of a new organisation that is in the public spotlight.
Experience and competencies required
Candidates for this role will have experience of leadership and must have expertise within one or more of the following areas; investments (particularly in a defined contribution environment), contract management and procurement, finance and accounting, marketing and communications, risk management, customer services and delivery, audit, strategic planning and governance.
An understanding of the pensions industry, including trust-based pensions, and the financial services sector would be highly desirable. Given the nature of the trustee corporation as an NDPB, an understanding of working with the public sector would also be desirable.
In terms of skills and competencies, the trustee corporation deputy chair will need to be able to demonstrate:
strategic skills - including strong decision making skills, an ability to analyse complex issues crossing sectors and industries; maintain independence of view; and to guide and facilitate the resolution of complex debates;
team-working and collaboration skills - including an ability to work together with other members and the executives in the organisation;
results orientation - including drive, energy, resilience, a focus on targeted performance measurement, delivering results of the highest standard;
innovation - including an ability to make change happen using a non conventional approach when required;
communication skills - including the ability to influence people, develop and maintain relationships across different groups, excellent negotiation skills and an ability to work under the highest level of public scrutiny. To act as an ambassadorial figure for the personal accounts scheme; and
strong customer focus – including an ability to understand and reflect the needs and requirements of scheme members and diverse stakeholders.
For further information and to view an information pack for the Deputy Chair please click here
To apply for the Deputy Chair position please click here to down load an application form
Please send your completed application forms to:
