National Trust DC Pension Plan Governance Committee – Independent Member
The National Trust (NT) is looking for an independent committee member to sit on its DC Governance Committee. This is a new role being created to enhance the existing Governance Committee comprising of NT appointees.
Working with us is an opportunity to contribute to the success of the National Trust. In return for your time, knowledge and expertise, you’ll have the chance to work alongside senior trust employees.
About the role
Although there is no legal requirement for employers to have formal oversight of contract-based pension schemes, NT has established a governance committee, known as National Trust Group Personal Pension Plan Governance Committee (‘the Committee’). The Committee also oversees the death in service and income protection benefits the NT provides. This committee has been in place in one form or another for 10 years.
As an independent member of the Committee you will provide expertise and guidance to the Committee and its advisers. You and the team of five existing members will contribute to fulfill the responsibilities for the Plan’s overall governance and strategic direction using your professional expertise.
This non-executive role is voluntary, but we reimburse expenses.
About the DC Pension Plan
The Plan is a contract based scheme offered to all employees and used by NT to satisfy its legal obligations under automatic enrolment regulations. It is provided by Legal and General.
The Plan has a matching contribution structure ranging from 4 to 10% of basic salary. There are around 8,000 members in the Plan out of the 9,000 staff who work for the NT.
The Plan has funds under management of c. £80m, with £1.4m being invested each month. The default investment is L&G’s Multi Asset Fund.
We are looking for someone who has a real passion for the Trust and understands and appreciates our core purpose and strategy. Our ethos is based on looking after and sharing special places, and you’ll have a valuable part to play in how this happens. You’ll be helping to ensure we manage the National Trust’s Pension Plan in an effective manner and take decisions with an appreciation of all of the stakeholders involved.
We are looking for someone who has an understanding of defined contribution pension schemes. You’ll be able to share your pensions expertise and help the Committee in managing the NTGPPP in an effective manner. And it’s about having a real, tangible impact on the organisation you love.
Knowledge of the charity sector and an understanding of the National Trust would be an advantage but is not essential.
The appointment is for an initial term of three years. The time commitment is approximately 4 – 5 days a year, split between two formal Committee meetings and other associated activities.
Please click here for Terms of Reference for the Governance Committee.
Closing date and interviews
Closing date: 24 July 2017