Members
The members of the trustee corporation will be high profile roles and central to the success of the personal accounts scheme. The duty of the members 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 members will have the following key responsibilities:
- to act in accordance with the scheme order and rules and in the best interest of scheme members;
- 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;
- to ensure the trustee corporation meets its NDPB requirements; and
- 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)
Experience and competencies required
The members of the trustee corporation will be senior figures from the business and pension trustee community with strong technical skills and a reputation both 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.
Candidates for these roles will have experience of leadership and must have expertise within one or more of the following areas; investments (particularly defined contribution), 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 in and with the public sector would also be desirable.
In terms of skills and competencies, the trustee corporation members will need to be able to demonstrate:
strategic skills - including 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.
For further information on the Member position and to view an information pack please click here
To apply for the Member position please click here to down load and an application form
Please send your completed application forms to:
andrew.timlin@hays.com
david.cairncross@hays.com
