OSPS: Trustees


OSPS Trustee Limited is the sole Trustee of the Scheme. The trustees on the board are collectively known as 'The Trustees'.

The Trustees have a responsibility to ensure that OSPS is run in accordance with the Trust Deed and Rules and they have various professional advisers to assist them with their duties. These advisers include auditors, actuaries, solicitors and investment managers.

Eleven trustees currently manage OSPS:

  1. A Chairman appointed by the Vice-Chancellor after consultation with the other trustees.
  2. Four Member Nominated Directors (MNDs) elected by direct ballot of the active members – these must be nominated by the active members and can be four active members or three active members and one pensioner member.
  3. One MND elected by direct ballot of the pensioner members – this trustee must be a pensioner member and be nominated by the pensioner members.
  4. Five trustees appointed by the Council of the University.

The current trustees are as follows:

1.    Mr Nick Sykes   - c/o Pensions Office, 23-38 Hythe Bridge Street
 2.    Mr Leo Catney
Miss Sophia McMinn
Ms Kate Kele
Mr Roger Bowler (pensioner) 		 - Department of Physics
- Christ Church
- Land Agent's and Accommodation Office
- c/o Pensions Office, 23-38 Hythe Bridge Street
 3. Mrs Fariba Battye   - c/o Pensions Office, 23-38 Hythe Bridge Street
 4.  Mrs Alana Davies
Professor Gordon Clark
Mr Frank Marshall
Mr Robert Allnut
Mr William Jensen		 - Department of Materials
- School of Geography
- University College
- c/o Pensions Office, 23-38 Hythe Bridge Street
- Exeter College

Every year the OSPS Trustees ask for nominations to serve as MNDs. If any active or pensioner member is interested in finding out more about the role then all of the current trustees and the Head of Pensions would welcome the opportunity to discuss this with them. The following document gives a summary of the duties and responsibilities of a trustee: OSPS Trustee (24kb)

The Trustee Board meets in full once a term on the Thursday of the week before 0th week, but to carry out its business efficiently between meetings it delegates certain responsibilities to two sub-committees.

General Purposes Committee (GPC)

The GPC is responsible for deciding on discretionary benefits, including ill health retirements, beneficiaries of death in service and retirement lump sums, dependants' pensions and employer augmentations. It is also considers a wide range of matters to do with scheme administration, governance and communication. All decisions made by the GPC are reported to the main Trustee Board for ratification. The GPC usually meets on the second Tuesday of each month but can make decisions on straightforward discretionary benefits between meetings.

Investment Committee (IC)

The IC is responsible for monitoring the application of the investing and funding principles, reviewing any associated documents, approving the terms of engagement of any investment adviser appointed by the Board and monitoring their effectiveness. All decisions made by the IC are reported to the main Trustee Board for ratification. The IC usually meets on the last Thursday of February, May, August and November but can meet more frequently when required.