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Context A large Hybrid scheme with over 40,000 members to which IGG is a co-trustee and Chair and provides Scheme Secretariat Services to the Trustee Board and committees. The challenge As part of the planned retirement, the in-house Manager was leaving the Scheme Sponsor and not being replaced. Whilst the corporate elements of the role were absorbed within the Sponsor’s HR function a gap remained which needed to be addressed between the Scheme Secretariat Services provided and the role performed for the Trustee Board by the Pensions Manager. The latter role primarily concerned, but was not limited to, managing adviser …

Context A FTSE250 global manufacturing business operated 3 separate Defined Benefit schemes, all closed to future accrual, with a combined membership of c.25,000 and total assets of £2bn. Each scheme had its own trustee board (with no overlap in membership) and sets of advisers but each scheme shared the same sponsor covenant and were similarly funded. The challenge The sponsor wished to achieve a strong and more cost-effective governance model with the added imperative of delivering this in a timescale prior to the next triennial valuation exercise for each of the schemes to allow a single valuation process. To facilitate …