In this video, Rachika Cooray and Claudia Taylor share the highlights from LCP’s first Trustee Secretary Forum, which was co-hosted with law firm Gowling WLG.
I help to manage, grow and develop LCP’s specialist trustee secretarial and governance consulting team. Joining LCP in 2007 and supporting pension scheme clients as a consultant since 1999, I specialise in the provision of professional trustee secretary, governance, consulting and pensions manager support to final salary and defined contribution pension arrangements.
As trustee secretary it is my responsibility to help trustee boards to make effective decisions by ensuring they have the right information at the right time and then ensure that those decisions are properly recorded and implemented in a timely manner. I do this by applying my broad technical knowledge and practical experience and by working closely with my clients to understand their needs, which allows me to pre-empt their questions and ensure the advice they receive is focused and relevant. In this way I support my trustee board clients to efficiently and effectively discharge their duties and meet their governance responsibilities. It is also my role to put structures and processes in place to support the smooth running of my clients’ schemes and to build good working relationships with all of the trustees’ advisers and third party providers so that work and fees are well managed.
Another key area of my expertise is to carry out project work, which I really enjoy. I’ve managed a variety of ad-hoc projects including the implementation of benefit and scheme design changes, scheme closures and wind ups, ensuring that projects are clearly defined at outset and all stakeholders and activities are proactively managed to time and budget.
Within LCP I support and train other staff to carry out the trustee secretary role and I regularly speak at LCP’s Trustee Secretary Forum for in house trustee secretaries and pensions managers, sharing experience, ideas and best practice.
Claudia Taylor understands: the scheme; my aspirations for it; the challenges; the technical issues; the politics and how she can contribute to my own thinking and thus add value to the scheme.
In this video, Rachika and Claudia explore the four key characteristics that lead to good governance and share some top tips for how trustee secretaries can improve governance standards in their schemes.
We can help trustees securely store and manage pension scheme information online.
How I can help
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