Advisers
To assist in the complex task of managing the Scheme, the Trustee takes professional
advice from a number of different organisations. All of these companies
and individuals are experts within their fields and operate within the tight
legal requirements governing today’s pension schemes.
Actuary |
The Scheme’s actuary carries out valuations of the Scheme to
ensure that the liabilities (what the Scheme expects to pay
out in benefits) can be met by the Fund. This section is currently being updated. |
Mr C P Burbidge
Watson Wyatt Limited, Consulting Actuaries |
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Auditor |
The auditor makes a check on the transactions of the Scheme,
ensuring that the accounts are correct against the contributions
and investment income that have been received and the pensions
and other benefits that have been paid out.
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KPMG LLP
Chartered Accountants |
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Banker |
The Scheme holds appropriate bank accounts for the transfer
and management of money into and out of the Fund; a cash account
for paying benefits on an immediate basis and for paying administrative
costs.
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Royal Bank of Scotland plc |
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Investment Manager |
The Scheme’s investment management is carried out by a separate
company which is wholly owned by the Trustee and whose staff
work on behalf of British Steel Pension Scheme. These specialists
analyse the needs of the Scheme to make good financial returns
on the investments it holds, without undue risk.
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Pension Services Limited
Centurion House
24 Monument Street
London EC3R 8BS |
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Medical Adviser |
From time to time the Trustee is required to consider whether
ill-health benefits should be paid to a member. The Medical
Adviser considers the medical evidence in each case and makes
recommendations to the Trustee.
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Dr V Kisnah |
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Solicitor
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The Scheme’s solicitor advises the Trustee about legal matters
relating to the operations of the Trust Deed and Rules, the
documents defining how the Scheme works under law.
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Mr Paul Stannard, Travers Smith
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