Please join us on Tuesday 25 May at 3pm for our webinar that will be of interest to anyone that is considering appointing a Professional Corporate Sole Trustee (PCST) to their scheme.
Broadstone’s panel will be joined for this session by David Fairs (Executive Director Regulatory Policy, Analysis and Advice) from The Pensions Regulator and industry expert Harus Rai (Head of Sole Trusteeship) at Capital Cranfield to give two different perspectives on the issue.
The panel will discuss the increase in professional sole corporate trustee appointments in recent years and will consider the reasons why schemes are going down this route.
For example, the advantages to the PCST model include:
- To speed up the decision-making process
- Difficulties filling the existing trustee positions
- Increasing regulatory and legislation requirements
- Conflicts of interest
The disadvantages to the PCST model include:
- Perception of members and other trustees
- Potential loss of historical knowledge
- Conflicts of interest
- Views of the Regulatory bodies
We will share with you some of the lessons that we have learned in a frank, candid and open session.
We welcome your questions in advance, and will also aim to answer any that you may want to submit live on the 25 May.
If you are interested in attending then please follow the link below to register for the event.
