• Pension scams
    Don't get stung

    Pension scams are on the rise.
    Find out how to protect yourself see more

  • Wind mill

    New flexibilities?

    DC pension savers now have greater flexibility over how they draw their savings. Find out how this could impact you. see more

  • Scheme news

    See the latest newsletter for an overview of the Scheme’s funding position and pension news.

About your Scheme Trustees

The role of the Trustee Board
The Trustee Board governs the Scheme and is responsible for its administration, investment strategy and overall management. Most importantly, the Trustee Board ensures that members’ benefits are paid in line with the Scheme Rules.

There are two sub-committees that report to the Trustee Board – the Investment Committee and the Administration Committee. The Trustees also create ad hoc committees for specific projects, like the valuation funding negotiations.

Who is who
There are nine Trustee Directors on the Trustee Board. You can find out more about each of them, including what committee they’re involved in, via the ‘Meet your Trustees’ panel on the right.

  • Four of the Trustee Directors are appointed by the AkzoNobel group and are called ‘employer-nominated’ Trustee Directors.

  • Another four Trustee Directors are member-nominated, which means they have been appointed by the Scheme membership.

  • The remaining Trustee Director is ‘independent’. He is part of Law Debenture Pension Trustees plc, a leading firm of specialist pension trustees. 

Want to get involved?
If you’re interested in becoming a Trustee Director of the Scheme and joining the Trustee Board, you can nominate yourself during the member-nominated trustee director elections. These are held when the term of office of any of the four member-nominated Trustee Directors expires. You will be notified of any elections and will have the chance to participate.

The Trustees and AkzoNobel
The Trustee Board is established as a company (Akzo Nobel (CPS) Pension Trustee Ltd) and the ‘Trustees’ are its company directors. Although this company is legally owned by AkzoNobel, by law and by its own articles, the Trustees operate independently of the AkzoNobel group, in the best interest of its Scheme members.

If you’d like to find out more about the Trustee Board, read the latest Report and Accounts in the library section.