Corporate Sole Trustee: On a Page

A team approach : An efficient governance solution

Corporate sole trusteeship (CST) is an increasingly popular solution for pensions schemes looking to streamline their governance.

A corporate sole trustee sits in the place of a traditional trustee board, taking responsibility for pension scheme governance and becoming a trusted point of contact for all aspects of the scheme.

With LawDeb as CST you will have access to an experienced team who bring expertise, wealth of knowledge, diversity of thought and insight of working with our 60+ CST clients.

Below we share some of the drivers prompting the move to CST.

Get in touch to talk CST

Sponsors seeking a real-time experience and want the core governance completed by a professional firm (“just get on with it”), liaising with them on significant touchpoints rather than quarterly meetings for the sake of it.

Increased governance burden on trustees, navigating ever increasing legal, tax and regulatory complexity.

As some schemes come towards their “endgame” (buy-in/buyout and wind up or run on) and/or investment needs mean schemes require additional expertise.

Increased difficulty in recruitment of trustees and pensions team (CST also removes Member Nominated Trustee requirements).

Assuring sponsors that the scheme is robustly managed.

Run the schemes efficiently and manage cost.

Benefits of CST : How does appointing a CST release your pensions pressure?

As CST, LawDeb can mitigate some of your governance burden. We deliver you:

Real-time action - without the need for set piece quarterly trustee meetings, cumbersome (often unread but paid for!) meeting packs and the involvement of multiple decision makers, day-to-day management and special projects can be managed in real time, leading to swifter resolution. Fewer meetings, more action, we like to say!

Robust decision making – we take decisions at the right levels. Simple decisions can be made quickly but more material and significant decisions require more eyes. We always balance pragmatism and robustness with outcomes in mind.

Responsive communication - a CST is the dedicated contact for scheme stakeholders. If the scheme sponsor wants to discuss something they can reach out to the CST for a same day phone call, there is no need to wait for a formal trustee board meeting.

Speak to us about CST