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 operated in accordance with the Rules within the law.
✓ Deciding strategy, investing the scheme's assets and monitoring performance.
✓ Keeping records and accounts.
✓ Working with Siemens who sponsor the scheme.
✓ Acting prudently, conscientiously and honestly, and with utmost good faith, acting for all classes of members equally (not just the class that nominates you).
✓ Taking advice on technical matters and any other matters that are not understood.
✓ Monitoring and reviewing the Scheme's professional advisers and investment managers.
✓ Keeping Trustee business strictly confidential at all times.