What is the role of the Trustee?

The role of the Trustee is to invest the SCPF’s assets, administer the trust in line with the Trust Deed and Regulations, and pay the benefits. The Trustee must always act fairly between all classes of beneficiary.

The Trustee’s duties are summarised below:

  • Manages the day-to-day running of the SCPF in line with the Trust Deed and legislation (for example, paying benefits and collecting contributions).
  • Determines the investment strategy and is responsible for the investment of the SCPF’s assets.
  • Determines what level of assets is required to meet the SCPF’s liabilities by undertaking regular valuations.
  • Agrees with the Company the rate of Company contributions to be paid to the SCPF.
    Appoints professional advisers to help carry out the Trustee’s duties as efficiently and effectively as possible.
  • Communicates with members in line with legislative requirements and keeps them informed about their pension.

In practice the Trustee delegates the day-to-day running of the SCPF to the Trustee Service Unit, and the investment activities to the Investment Manager. The Trustee also appoints external professional advisers to help manage the SCPF. The Trustee monitors the activities carried out by others on its behalf.

There are at least 4 Trustee Board meetings each year, where the performance and administration of the Fund is reviewed and discussed.

Can I be a Trustee Director?

Yes, the Trustee Board is made up of 10 Trustee Directors with 5 appointed by the Company and 5 appointed by members and dependants 'Member-Nominated Directors'. The 5 Member Nominated Directors are made up of 2 employees and 3 pensioners.

The position of a Trustee is a responsible one and should not be taken lightly, but it can also be a worthwhile experience. For more details see the Introduction to Trusteeship.

Who are the Trustee Directors?

The Trustee Board is made up of 10 Trustee Directors with 5 appointed by the Company and 5 appointed by members and dependants 'Member-Nominated Directors'.

All Trustee Directors attend the Trustee Board meetings. There are also 2 Committees of the Board, each acting in an advisory capacity. These are the Investment Committee and the Technical and Communications Committee. Each Trustee Director is a member of at least one Committee. These Committees also meet at least 4 times each year.

The current Trustee Directors are:

Clive Mather

Shell Pension Trust New Directors Shoot, SHELL Bank Street UK, May, 2016

Clive Mather (Chairman of Shell Pension Trust)

  • Member of the Technical and Communications Committee

Clive Hopkins

Clive Hopkins

Clive Hopkins

  • Chairman of the Investment Committee

Tim Morrison

Tim Marrison

Tim Morrison

  • Chairman of the Technical and Communications Committee

Mary Corrie

Mary Corrie

Mary Corrie

  • Member of the Technical and Communications Committee

David Fortune

David Fortune

David Fortune

  • Member of the Investment Committee

Fraser Johnson

Shell Pension Trust New Directors Shoot, SHELL Bank Street UK, May, 2016

Fraser Johnson

  • Member of the Investment Committee

Sue Jones

Shell Pension Trust New Directors Shoot, SHELL Bank Street UK, May, 2016

Sue Jones

  • Member of the Technical and Communications Committee

Jonathan Kohn

Shell Pension Trust New Directors Shoot, SHELL Bank Street UK, May, 2016

Jonathan Kohn

  • Member of the Technical and Communications Committee 

Russell O’Brien

Shell Pension Trust New Directors Shoot, SHELL Bank Street UK, May, 2016

Russell O’Brien

  • Member of the Investment Committee

Moira Shannon

Moira Shannon

Moira Shannon

  • Member of the Investment Committee

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