Aviva Master Trust – Independent Trustee Chair
Recognising recent and projected growth, the Aviva Master Trust is looking to appoint a Trustee to join its fully independent (non-affiliated) Trustee Board in the role of Trustee Chair. The current Chair has reached the end of their first five-year term and, together with other Existing Trustees and external candidates, is eligible to apply. The successful candidate will join the remaining four Existing Trustees with the aim of providing strong leadership for the Board over the next five years. In particular, we are seeking an individual with experience of the authorised master trust market.
We are looking for someone with a history of operating at a senior level and previous or current experience as a Trustee would be an advantage.
Applicants must be familiar with the Pensions Regulator’s expectations of Trustees generally and be conversant with legislation surrounding the operation of an authorised Master Trust and the role and accountabilities of a Trustee Board.
Accountabilities
1. To attain and maintain relevant trustee knowledge and understanding. Completion of the Pensions Regulator’s Trustee Toolkit will be mandatory prior to starting the role.
2. To obtain a detailed knowledge and understanding of the Aviva Master Trust and the role of Aviva both as Funder and as administrator to the scheme.
3. To act as leader of the Board, demonstrating the standards of behaviour expected and championing effective governance in the pursuit of good member outcomes.
4. To validate, critique and challenge input to the Trustee Board, ensuring it is fit for purpose.
5. To attain and maintain a working knowledge and understanding of the pension industry, key developments and the changing needs of UK pension savers.
6. To attend a minimum of four full day face to face trustee board meetings, a strategy day, a site visit day, six calls with the Strategist per annum, and other meetings as needed, with appropriate preparation, and to be available to review and discuss issues requiring Trustee decisions between meetings.
7. Work closely with the Head of the Master Trust and Scheme Strategist to ensure the Aviva Master Trust remains compliant with The Pensions Regulator’s expectations of a well governed scheme, including direct engagement where appropriate.
8. Engage collaboratively with existing and potential employer clients where appropriate through governance forums and other meetings.
Skills & Experience
1. Previous or current experience as a Pension Trustee and/or working with TPR is desirable.
2. Demonstrable experience of acting in a senior governance or oversight role within the Defined Contributions (DC) pensions market.
3. Excellent understanding of the commercial master trust market and appreciation of the specific dynamics of operating a MT that sits within an insurance company would be an advantage.
4. Good understanding of all aspects of MT operation, specifically DC investment funds, administration, member communications and risk management.
5. A thorough and current understanding of the regulatory environment and standards of reporting.
6. Ability to develop and maintain strong working business relationships with internal and external stakeholders up to Board level.
7. Demonstrable positive communication and interpersonal skills.
Remuneration: To be commensurate with experience, six figures
Days commitment: c45-50
To discuss the role in more detail or to submit your CV, please initially contact our retained recruitment consultant, Andrew Carrett on andrew@flinthyde.co.uk