The full Trustee Board met for the first time in 2024 to hear from their advisors and discuss a wide range of items affecting the Scheme.

 

The Scheme’s investment consultants shared the details of some potential alternative investment options to help diversify the Scheme’s investment portfolio whilst also considering ESG (Environmental, Social and Governance) principles. An update on the Scheme’s existing investments was also provided which have performed pleasingly in recent months.

 

The Trustees heard from the Scheme’s legal advisor who provided an update on the ongoing consolidated Scheme rules project with the Trustees soon to make their comments on a first draft of the extensive document which aims to pull together the two sets of legacy ATL and NUT rules alongside current Scheme benefits.

 

Once more, the Trustees considered succession planning within the Trustee Board, in particular surrounding Member Nominated Trustees (MNT’s) and the promotion of trusteeship to current active members of the Scheme. Member webinars were discussed as a tool to share the importance of pension scheme Trustee as well as providing an opportunity for members to gain a greater understand of pensions and their NEUPS benefits.