Pilkington Superannuation Scheme

… is a Trustee?

The Pilkington Superannuation Scheme is established under a trust. A trust is a legal concept under which the trustee body looks after the assets held for the benefit of beneficiaries i.e. a scheme's members, former members and pensioners, on their behalf.

The Trustee body of the Pilkington Superannuation Scheme is Pilkington Brothers Superannuation Trustee Limited.

…does the Trustee do?

The Trustee is ultimately responsible for the running of the Scheme. In practice, the Trustee delegates many of the day-to-day duties to Pensions and professional advisers it appoints.

The Trustee's main duties are:

To invest the funds.
To act in accordance with the Trust Deed and Rules of the Scheme, within the framework of the law.
To act in the best interests of the beneficiaries and strike a fair balance between the interests of different classes of beneficiary.
To take advice on technical matters and any other matters which it does not understand.
To act prudently, conscientiously and honestly and with the utmost good faith.
To not profit from the assets of the fund, although Directors of the Trustee can be members of the Scheme.

… are the Trustee Directors?

The Trustee board is composed of both Employer and Employee Directors. The
members elect the Employee Directors. Click here for details of the current Trustee Board.

… does the Trustee meet?

The Trustee meets not less than twice a year to discuss various aspects of the Scheme.

Various Sub Committees meet at other times to discuss more specific issues.
Click here for more details.