Trustee Guidance: Management Plans
Introduction
All the activities during the assessment period are geared to ensuring that the right people are paid the right compensation at the right time. The Pension Protection Fund is keen to agree in advance with trustees a plan to ensure that the scheme progresses through the assessment period efficiently and effectively. This planning stage provides an opportunity for trustees and caseworkers to agree what will be produced and the associated timescales, costs and quality.
The Pension Protection Fund recognises the considerable experience and skills many trustees will have in planning this type of work. Trustees are responsible for developing a plan, however, the Pension Protection Fund caseworkers will provide support and guidance where it is needed. The Pension Protection Fund has also provided some general planning guidance for trustees which sets out what the plans are likely to include and this may be particularly useful for those who have not previously worked with us. A template which sets out some of the key deliverables is also provided. This should not replace trustees’ existing planning tools but may be a useful starting point or cross-reference.
The caseworker will be able to provide additional support about how these guidelines may relate to the specific circumstances of a particular scheme.
Objectives
For the caseworker and trustees to agree a plan of what will be delivered.
Key Activities for Trustees
Agree with the caseworker the timescales for providing a plan
Provide a plan to be agreed with the caseworker
Key Activities for the Pension Protection Fund:
Provide support to trustees developing their plans
Review the plan and discuss any feedback with the trustees
Created May 2006
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