The Trustee, its role and responsibilities
Uniper UK Trustees Limited is the Trustee company which acts as the sole Trustee of the Uniper Group of the ESPS (“the Scheme”).
Its role is to administer the Rules of the Scheme with respect to the benefits of, and contributions by, the members of the Scheme. It is also fully responsible for the Scheme’s assets and investments, which are completely separate from the finances of Uniper.
Anything affecting the Scheme as a whole is considered by the Trustee Board, including:
- ensuring the Scheme is administered correctly, and in particular that proper records are kept, and benefits are paid correctly and on time;
- setting investment beliefs and objectives, and ensuring assets are invested prudently;
- responding to valuation outcomes, and making sure that the Group is sufficiently well-funded to pay benefits as they fall due;
- reacting to developments in pensions legislation and regulations; and
- overseeing the appointment and management of advisers.
The Trustee Board may also be involved in some areas of individual membership. For example, it decides where a death benefit lump sum can be paid (when applicable).
The Trustee Board meets at least four times a year, and delegates certain responsibilities to dedicated sub-committees.
The Trustee Board
The Trustee Board has six individual Directors: three are appointed by the Company and three by members. This includes:
- A Chair appointed by the Company
- An Independent Trustee appointed by the Company
- A third Director appointed by the Company
- Three Member-Nominated Directors (MNDs) selected from the active and pensioner member population.
Regardless of how they are appointed, all Trustees have the same duty to look after the interests of the Scheme membership.
There is also a Shadow Director who plays an important role in supporting the work of the Group Trustee Board, but they are not a Trustee and don’t vote on Board matters.
Each MND will typically serve for up to six years, although they can apply for re-selection at the end of their term.
Almost any active or pensioner member of the Scheme can stand as MND, as long as they meet the relevant conditions and comply with the Rules governing the selection process.
MND selection pageYou can meet the current members of the Trustee Board below.
Meet the current Trustee board
How to contact the Trustee Board or find further information
If you have any queries for or about the Trustees specifically, please contact: Muse Advisory Limited, Secretary to the Trustees, who will liaise with the Trustees as necessary:
For any other enquiries please use the details on the contacts page.