Governance and Trustee Directors

Find out below how the day-to-day administration of the Scheme is managed

The Wincanton Pension Scheme is an important benefit that is offered to colleagues to provide financial support during retirement. It is managed by a Trustee company (Wincanton Pension Scheme Trustees Limited) and a Professional Trustee, to make sure it works effectively and provides valuable pensions for members. More details about the Trustee can be found below.

The Trustee company works closely with its professional advisers and appoints a professional pension company called Capita to run the day-to-day administration of the Scheme. More details about the administration team can be found below.

What do the Trustee Directors do?

Trustee Directors take care of the pension scheme and act in the best interests of the Scheme members and beneficiaries. Their main job is to make sure the pension scheme is run in accordance with the Trust Deed and Rules and pensions legislation. The Trust Deed explains their powers and duties while the Rules explain who can be a member, and how contributions and benefits work.

Their other duties include:

  • Investing the Scheme’s money for the benefit of the members
  • Paying benefits correctly and on time
  • Keeping accurate records and proper accounts
  • Appointing professional advisers and investment managers

The Scheme’s money is kept completely separate from the company’s funds. Members in the DC section have individual pension accounts and there is a separate fund held to pay the DB pensions.

Some Trustees are company nominated; others are member nominated. If there is a member-nominated Trustee vacancy the company will run a nomination process in conjunction with the Trustee which will enable scheme members to apply for the role. If this happens, information on the process and timelines will be shared on this website.

Who are the Trustee Directors? 

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