Chair of Trustees – IOM3 Pension Scheme
Institute of Materials, Minerals & Mining
- Contract type
- Closing date
- 31 Jul 2021
The Institute of Materials, Minerals and Mining is seeking to appoint a new Chair of Pension Trustees for its defined benefit pension scheme.
The Institute's Pension scheme is formed of 7 Trustees with a combination of Member Nominated and Institute nominated Trustees. The role of the Chair is to lead and direct the work of the Trustee group.
The Trustees hold the legal title of the pension scheme assets and have a legal duty to ensure that those assets are used to provide benefits to the members in accordance with the terms of the scheme rules. Day to day scheme activities are managed by the professional administrator (retired and deferred members) and IOM3 (active members and bank account).
Ideally, the applicant will be a senior member of the Institute with previous pension trustee experience and a good understanding of finances and investments. All trustees receive appropriate training to enable them to carry out their duties and responsibilities and the Pension Regulator provides guidance on this website: www.thepensionsregulator.gov.uk/trustees.aspx
The trustees normally meet three times a year but additional meetings are required during the triennial actuarial valuation. Meetings are currently held virtually but will return to a combination of physical and virtual meetings in 2022.
To apply please send your CV to Collette Marriott by 31 July 2021.