{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Role of the Trustee Board","text":"\u003Cp\u003EThe role of the Trustee Board is to ensure that all beneficiaries receive the benefits to which they are entitled by administering the scheme in line with the Trust Deed and Regulations and the law. The Trustee must always act impartially in a manner it believes to be fair and equitable having regard to the different classes of beneficiaries.\u003C/p\u003E\r\n","links":[{"name":"Role of the Trustee Board","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/_jcr_content/root/metadata.shellimg.jpeg/1725373246968/role-of-trustee-board.jpeg","alt":"Role of Trustee Board","width":5555,"height":3137}},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/_jcr_content/root/header/inherited.model.json","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"SCPF","value":"https://pensions.shell.co.uk/scpf.html"},{"name":"How the Scheme is Managed","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed.html"},{"name":"Role of the Trustee Board","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board.html"}]},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","color":"inherited","model":{"title":"Role of the Trustee Board","image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/_jcr_content/root/main/section/page_header.shellimg.jpeg/1725373783051/role-of-trustee-board.jpeg","alt":"Role of Trustee Board","width":5616,"height":1404}},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EThe role of the Trustee Board is to ensure that all beneficiaries receive the benefits to which they are entitled by administering the scheme in line with the Trust Deed and Regulations and the law. The Trustee must always act impartially in a manner it believes to be fair and equitable having regard to the different classes of beneficiaries.\u003C/p\u003E\n\u003Cp\u003EThe duties of the Trustee are summarised below:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003ETo act in accordance with the Trust Deed and Regulations and the law.\u003C/li\u003E\n\u003Cli\u003ETo act prudently, conscientiously and honestly.\u003C/li\u003E\n\u003Cli\u003ETo act in the best interest of the beneficiaries and to strike a fair balance between the interests of different classes of beneficiaries. This includes active members, deferred members, pensioners, dependants of deceased members and the Employing Companies (who may receive any residual surplus if the SCPF is wound up).\u003C/li\u003E\n\u003Cli\u003ETo take appropriate advice on matters where expert help is required.\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EThe role of the Trustee of the SCPF in carrying out its duties includes:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EPaying all benefits to beneficiaries according to the SCPF Trust Deed and Regulations.\u003C/li\u003E\n\u003Cli\u003ETo invest SCPF assets and contributions.\u003C/li\u003E\n\u003Cli\u003ETo pay pension increases up to the annual movement of the Retail Prices Index (RPI), or up to 7% (5% for members of the 2009 section) if this is less than the RPI movement (different pension increases apply to Enterprise and Moplefan section members).\u003C/li\u003E\n\u003Cli\u003EThe power to set up and monitor the Additional Voluntary Contribution (AVC) Arrangements.\u003C/li\u003E\n\u003Cli\u003EThe discretion to pay lump sums on death in certain circumstances.\u003C/li\u003E\n\u003Cli\u003EThe power to make amendments to the Trust Deed and Regulations with the approval of a majority of the Employing Companies and subject to certain constraints.\u003C/li\u003E\n\u003Cli\u003EThe power to delegate duties, powers and discretions.\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EThe Trustee does not have the power to:\u003C/p\u003E\n\u003Cul\u003E\n\u003Cli\u003EPay benefit improvements, unless requested by an Employing Company.\u003C/li\u003E\n\u003Cli\u003EPay pension increases beyond the terms set out in the Trust Deed and Regulations, unless requested by the Founding Companies.\u003C/li\u003E\n\u003C/ul\u003E\n\u003Cp\u003EIn practice, the Trustee delegates the day-to-day running of the SCPF to the Trustee Service Unit in Shell International Limited and the investment activities to Shell Asset Management Company B.V. The Trustee is also required to appoint other professional advisers to help manage the SCPF; these include a Scheme Actuary, investment adviser and legal adviser.\u003C/p\u003E\n\u003Cp\u003EYou can read more about the role of a Trustee Director in “\u003Ca href=\"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/_jcr_content/root/main/section/text.multi.stream/1755239177764/5b0af6c21cf6a9529a93cd6379c9162ea7973b7f/introduction-to-trusteeship.pdf\" target=\"_blank\"\u003EIntroduction to Trusteeship\u003C/a\u003E”\u003C/p\u003E\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section/text_715058978","model":{"title":"Trustee Committees","text":"\u003Cp\u003EThe two main Committees of the Board are the Investment and Funding Committee and the Risk and Operations Committee. Under their terms of reference, these Committees have delegated authority over certain decisions or act in a monitoring or advisory capacity. Each Trustee Director is a member of at least one Committee. These Committees also meet at least four times each year.\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section_114453924_co/promo","model":{"title":"I work at Shell","text":"\u003Cp\u003EThis section of the website contains information for active members of the SCPF.\u003C/p\u003E\r\n","links":[{"value":"https://pensions.shell.co.uk/scpf/i-work-at-shell.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/_jcr_content/root/main/section_114453924_co/promo.shellimg.jpeg/1725277605948/field-of-sugar-cane-with-blue-sky.jpeg","alt":"Field of sugar can with blue sky","width":3854,"height":2172}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section_114453924_co/promo_copy","model":{"title":"I have left Shell","text":"\u003Cp\u003EThis section gives pension information for ex-employees of Shell, not yet in receipt of their pension.\u003C/p\u003E\r\n","links":[{"value":"https://pensions.shell.co.uk/scpf/left-shell.html"}],"image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/_jcr_content/root/main/section_114453924_co/promo_copy.shellimg.jpeg/1725277465732/red-coloured-swirling-shell-fossil.jpeg","alt":"Yellow swirling fossil","width":5590,"height":3150}}},{"organism":"PromoSimple.LinkList","color":"brand1","colspan":4,"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section_114453924_co/link_list","model":{"links":[{"name":"I am a Shell Pensioner","value":"https://pensions.shell.co.uk/scpf/shell-pensioner.html"},{"name":"How the shell scheme is managed","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed.html"},{"name":"Contact us","value":"https://pensions.shell.co.uk/scpf/contact.html"}]}},{"organism":"Container","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section_114453924_co/experience_fragment","model":{}}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main/section_114453924_co","model":{"title":"More in Shell Contributory Pension Fund"}}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"SCPF","value":"https://pensions.shell.co.uk/scpf.html"},{"name":"How the Scheme is Managed","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed.html"},{"name":"Role of the Trustee Board","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board.html"}]},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"Role of the Trustee Board","text":"The role of the Trustee Board is to ensure that all beneficiaries receive the benefits to which they are entitled by administering the scheme in line with the Trust Deed and Regulations and the law. The Trustee must always act impartially in a manner it believes to be fair and equitable having regard to the different classes of beneficiaries.","links":[{"name":"canonical","value":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board.html"},{"name":"errorUrl","value":"https://pensions.shell.co.uk/error.html"},{"name":"hierarchy","value":"en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board"},{"name":"homeTitle","value":"Shell Pensions in the UK"},{"name":"homeUrl","value":"https://pensions.shell.co.uk/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"Role of the Trustee Board | Shell Pensions in the UK"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\nYou are now leaving the Shell global website.\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. This includes its sponsor and any policies, activities or services offered on the site, by any advertiser on the site or linked to the site.\r\nThank you for visiting the Shell global website."},{"name":"themeMode"},{"name":"lastModified","value":"2025-08-15T13:05:28.889Z"},{"name":"themeName","value":"base"},{"name":"themePath","value":"/etc.clientlibs/amidala/clientlibs/theme-base"},{"name":"themeCss","value":"/etc.clientlibs/amidala/clientlibs/theme-base.ACSHASHb291465fc8d3c7bcefde74d34044b698.css"}],"image":{"src":"https://pensions.shell.co.uk/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/_jcr_content/root/metadata.shellimg.jpeg/1725373246968/role-of-trustee-board.jpeg","alt":"Role of Trustee Board","width":5555,"height":3137}},"id":"/content/shell/business/pensions/en_gb/scpf/how-the-scheme-is-managed/role-of-the-trustee-board/jcr_content"}