Trustees exist to oversee pension schemes, and have specific legal responsibilities. As the MMT is a Master Trust arrangement, there are no employer or member nominated trustees. All trustees are independent and non-affiliated and come from a professional background. Mercer as founder is responsible for the appointment of Trustees and this is set out in the Trust Deed and Rules.
The main duties of the Trustee are:
The Trustee Board, including the Chair is fully Non Affiliated and comprises of the following members:
|BESTrustees Limited||Alan Pickering acting as Chair||March 2014|
|BESTrustees Limited||Zahir Fazal||September 2013|
|BESTrustees Limited||Lisa Mundy||April 2020|
|Capital Cranfield Pension Trustees Limited||Giles Payne||July 2018|
|ITS Limited||Dianne Day||February 2021|
The Trustees are appointed on a three year rolling basis, with their contracts reviewed annually, and conflicts of interest (including potential affiliations) are reviewed at least at every Trustee (and sub-committee) meeting, with any declarations being made in between said meetings if this is necessary.