Corporate Principal Officer

Corporate Principal Officer

A corporate principal officer plays the role of trustee support function. This role in summary is to support the trustees in the exercise of their trust and to give the sponsor the comfort that the scheme is being properly managed and administered.

The role of a Corporate Principal Officer

• To manage the relationships with the fund manager, fund administrator, auditor and any other service providers or advisers.
• To monitor service levels and ensure that they comply with service agreements.
• To review and oversee implementation of an Investment Income Distribution Policy.
• To receive and review reports from service providers and provide independent assessments and guidance to the Trustees on a quarterly basis.
• To develop, and oversee the implementation of, an Administration and Accounting Procedures Manual to ensure proper administration of the schemes.
• To organise, attend and take minutes at Trustee meetings, as well as to oversee implementation of decisions taken by the Trustees.
• To manage relationships and communications with Scheme Members.

Benefits of our services to your scheme

• Expertise in managing pension schemes for good governance and professional advice
• Networks bringing wider variety of skills and resources to address all scheme needs
• Mandate to ensure sponsor objectives are met within the scheme
• Delegation of duties to experts, freeing board of trustees to focus on their primary roles
• Quality service provision to scheme members while minimising trustee time on day-to-day operations
• Quality assurance through monitoring service provider compliance with service level agreements