Governance arrangements at the pension fund for the education and not-for-profit sectors
The Pensions Trust is a multi-employer pension fund for the educational and not-for-profit sectors
Who is your chair?
Lynda Howe, a recently retired accountant and auditor and former finance and IT director of York Housing Association.
How often does the board meet?
Four times a year at the trust's offices in Leeds. A training and strategy session is held on the evening before each board meeting. Four sub-committees each meet between two and four times a year.
When was your last governance review?
Last year. The board decided to reduce the number of elected trustees from 16 to 10 by 2010. It also adopted powers to co-opt up to two more trustees to make sure it had the right mix of skills and experience. The maximum period of service has been reduced from 12 to 10 years, and a new board appraisal system has been introduced.
How do you recruit new trustees?
One trustee is elected annually by employers who use the trust's schemes, and another by members of the schemes. One trustee from each group - usually the longest-serving - must retire each year. Co-opted trustees, who are not advertised for, must be approved by a majority of both sets of trustees. The chair and deputy chair are both elected at yearly intervals by the trust's board.
