What is the role of the Trustee?

The role of the Trustee is to invest the SOCPF'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 SOCPF 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 SOCPF’s assets.
  • Determines what level of assets is required to meet the SOCPF’s liabilities by undertaking regular valuations.
  • 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 most of the day-to-day running of the SOCPF to the Trustee Services Unit, and the investment activities to the Investment Manager. The Trustee also appoints external professional advisers to help manage the SOCPF. The Trustee monitors the activities carried out by others on its behalf.

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

Who are the Trustee Directors?

Ian Robertson

Ian Robertson

Ian Robertson

(President) Formerly EVP Finance Downstream, now retired

Michael Clark

Michael Clark

Michael Clark

Group Pensions Vice President.

Peter Everson

Ian Robertson

Peter Everson

(Vice President) Formerly Chief Executive Officer, Schroders (Bermuda).

Pablo Gamero

Pablo Gamero

Pablo Gamero

(Vice President) General Manager - Royal Dutch Shell Companies in Bermuda.

James Hallett

James Hallett

James Hallett

Chief Investment Officer – Alternative Investment Management (Bermuda) Ltd.

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