Trustee Board and Scheme Committees

The Trustee Board

The Board of Prudential Staff Pensions Limited is made up of ten Trustee Directors, six of whom are appointed by the Company and four who are elected by the members.

The current Board members are:

Michael Abrahams CBE DL
Company Appointed Chairman

Annabel Gillard*
Company Appointed Trustee Director

David Green
Company Appointed Trustee Director

Simon Iversen*
Company Appointed Trustee Director

David Martin
Company Appointed Trustee Director

Andrew Swan
Company Appointed Trustee Director

Stephen Cunningham*
Member Nominated Trustee Director
(to serve until 17 April 2022)

John Paino
Member Nominated Trustee Director
(to serve until 16 July 2020)

William Rutherford
Member Nominated Trustee Director
(to serve until 11 April 2020)

Neville Swift
Member Nominated Trustee Director
(to serve until 8 April 2019)

* appointed during the year.

Scheme Committees

The Trustee delegates some of its day-to-day responsibilities for managing the Scheme to various Committees. Each Committee is made up of a subset of Trustee Directors and reports back to the Trustee Board with updates of their meetings, suggestions and recommendations.

Currently there are four Committees:

The Asset & Liability Committee

Monitors the DB Section funding (includes overseeing the DB Section investment management policy).

The Audit & Governance Committee

Reviews and assesses the risks to the Scheme and is responsible for producing the Scheme's annual accounts.

The Disputes Committee

Considers any complaints recieved by the Trustee.

The DC Section Committee

Responsible for our administration services and the monitoring of investments in respect of the DC Section.

Both the Asset & Liability Committee and the DC Section Committee are assisted by an Investment Committee and other Working Parties.

The DB Section Administration Committee was disbanded during the year, with its responsibilities shared between the Asset & Liability Committee and the Audit & Governance Committee.