The Trustee delegates some of its day-to-day responsibilities for managing the Scheme to various Committees. Each Committee is made up of a subset of Trustee Directors and reports back to the Trustee Board with updates of their meetings, suggestions and recommendations.
Currently there are four Committees:
The DB Section Committee - Monitors the DB Section funding (including overseeing the DB Section investment management policy).
The Audit and Governance Committee - Reviews and assesses the risks to the Scheme and is responsible for producing the Scheme’s annual accounts.
The Disputes Committee - Considers any complaints received by the Trustee.
The DC Section Committee - Responsible for our administration services and the monitoring of investments in respect of the DC Section.
The DB Section Committee is assisted by the Funding and Factor Working Party and the Valuation Working Party when required. The DC Section Committee is assisted by the DC Section Investment Committee and Working Parties when required.