Looking after your interests
The Trustee Board.
The 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.
Kingfisher appoints all of the Trustees in accordance with a procedure
agreed with members (in accordance with the Pensions Act 1995).
Four are drawn from senior management three from the general
membership, one is an independent pensions expert and finally,
one of the Trustees is drawn from the pensioner membership.
Although most of the Trustees are experienced in business and financial
matters, they nevertheless draw on expert assistance from a range
of advisers – for example, the Scheme Actuary, investment
consultants, fund managers and specialist pensions lawyers. In
addition, all Trustees undertake specific training about their
role and duties as trustees both when they become a trustee and
throughout their period of office.
At 31 March 2005, 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;
Roger Blundell, who is a member of the Investment Committee and
the Accounts and Audit Committee
Helen Chandler, who is a member of the Benefits 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.
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