Since he was appointed, Richard Butcher has helped us to adopt a strategic and structural approach to the governance of our scheme. He wants to help the Trustees and the Company to achieve their aim of securing the members’ benefits.
Your team have always been helpful, to myself and my fellow trustees, in informing us of our responsibilities and the actions necessary to ensure that we are fully compliant with statutory requirements.
At LV=, we use PTL to help us with issues where we need specialist help. For example, they have recently helped us with our governance arrangements, making sure that we have robust processes for dealing with investment strategy in periods of stress, and in negotiations with the employer on contributions. What they brought to us was a clear understanding of what best practice looks like today and a practical, impartial view of what is a sensible compromise between the needs of the scheme and the employer. In doing this they have always been at pains to ensure that the Trustees understand and agree with the actions being proposed.
We have worked with PTL on a number of diverse projects. In each instance they have demonstrated a depth of skill and knowledge which has helped us considerably in completing complex tasks to a very high standard.