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TRUSTEE BOARDThe assets of both the Kingfisher Pension Scheme and the Kingfisher Retirement Trust are held in trust on behalf of all members and their beneficiaries. The Trusts are managed by Kingfisher Pension Trustee Limited, a
company established specially to act as Trustee. As the Trustee
is a company, there have to be directors; the directors of this
Trustee company form the Trustee Board and are generally referred
to as “Trustees”. What do the Trustees do?The Trustees are responsible for running the Pension Scheme and the Retirement Trust in accordance with current pensions law and the Trust Deed and Rules of each Scheme. They meet regularly to discuss investment issues and other matters, often with their specialist advisers in attendance. The Trustee Board oversees both the Scheme and the Trust through committees, which focus on specific aspects of day-to-day operations. The four committees, Accounts & Audit, Benefits, Investment and Sealing, report separately to the Trustee Board at each meeting. All Trustees undertake specific training about their role and duties as Trustees both when they become a Trustee and throughout their period of office. There have been some changes to the Board of Trustee Directors
during the last year. Mrs Helen Chandler retired on 30 September
2005 after 15 years as a Trustee. Helen made an excellent contribution
to the good running of the Scheme during her time as a Trustee and
she will be missed. Following on from this two more Trustee Directors
have been appointed from the active membership of the Scheme. Alison
Martin replaces Charles Baker who resigned in late 2004 and Karl
Lidgley fills the vacancy left by Helen Chandler.
At 31 March 2006, the Trustees were:Tony Stanworth, who is Chairman of the Trustee Board and the Benefits Committee and also a member of the Sealing Committee; Terry Hartwell, who is a member of the Investment Committee; Helen Jones, who is Chairman of the Sealing Committee and a member of the Accounts and Audit committee and the Benefits Committee; Roger Blundell, who is a member of the Investment Committee and the Accounts and Audit Committee Angela Taylor, who is a member of the Accounts and Audit Committee; Val Struthers, who is a member of the Investment Committee, the Benefits Committee and the Sealing Committee; and Charles Woodward, who is Chairman of both the Investment Committee and the Accounts and Audit Committee. Karl Lidgely, who is a member of the Accounts and Audit Committee. Alison Martin, who is a member of the Investment Committee.
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The Trustee Board
