The role of the Trustee is to protect members’ interests and to ensure the smooth running of the Scheme. The law requires at least one-third of the Trustee Board to be nominated by employee and/or pensioner members.
Meet the individuals on the Trustee Board.The individuals that make up the Trustee Board are volunteers from across the business.
Responsibilities of the Trustee
✓ Ensuring that the scheme is operating in accordance with the scheme rules.
✓ Deciding strategy, investing the scheme's assets and monitoring performance.
✓ Working with Siemens who sponsor the scheme.
✓ Acting prudently, conscientiously and honestly, and with utmost good faith, acting for all classes of members equally.
✓ Taking advice on technical matters and keeping their knowledge and understanding up to date.
✓ Monitoring and reviewing the Scheme's professional advisers and investment managers.
✓ Keeping Trustee business strictly confidential at all times.
Are you interested in becoming a Trustee Director in the future?
Successful Trustee Directors are people who care about the wellbeing of their fellow Scheme members. They are progressive and positively focused individuals who have the ability to see the big picture and have Scheme members’ best interests at heart. They are people with a strong sense of professional commitment who are comfortable with the responsibility and accountability and never act purely in their own self-interest.
Who can become a Trustee Director?
Most people over the age of 18 can become Trustee Directors. Applicants need to have their nomination supported by 5 Scheme members. They will be highly motivated and enthusiastic with at least two years’ membership in the Siemens Benefits Scheme.
How do I apply?
When there is a Trustee vacancy, we will send out details on how you can apply.