Looking after the Scheme
The Scheme is set up as a trust, which is entirely separate from the Company.
It’s managed by a trustee company that is responsible for ensuring it’s run professionally and in the best interests of all the members. There is a trustee board which meets quarterly.
In addition to the trustee board, there is the Pensions Consultative Committee (PCC) which discusses any pensions issues with the Company and represents the views of the members.