Trustee zone

What is a trustee?

A pension trustee is someone who technically holds an occupational pension scheme's assets for the beneficiaries.

They act separately from the employer for the benefit of scheme members and their powers are written in the trust deed and the scheme's rules.

As a trustee, they’re responsible for the proper running of the scheme – from the collection of contributions to choosing the investment choice and payment of benefits.

Most schemes must have one or more trustees nominated by the members.

Further information

For more information on being a trustee, including appointing and removing trustees, their liabilities and legal duties, visit the Pension Regulator.

The information provided is based on our current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also, it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.

All references to taxation are based on our understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances of the investor.