As one of the UK's largest authorised commercial master trusts, The People's Pension is well managed by a strong and knowledgeable Trustee Board who look after the interests of all members and employers. It seeks an additional Trustee Director who will be the voice of all things tech and cyber and to continue the excellent governance standards set by the Scheme.

Time commitment: c. 25 days p.a. (including Board / Committee meetings, training, strategy day and prep time)

Remuneration: £35,000 p.a. + £5,000 for membership of a Committee + reasonable domestic expenses

The People's Pension, provided by People's Partnership, is one of the largest master trust workplace pensions in the UK for employers of all sizes, with 1 in 5 working people saving with it. Since its launch in 2011, The People's Pension has grown rapidly with more than six million members, 100,000+ participating employers and £21bn+ of AUM. As one of the UK's largest authorised commercial master trusts, it is well managed by a strong and knowledgeable Trustee Board who look after the interests of all members and employers.

People's Partnership

People's Partnership, established in 1942, is a purpose-driven financial services company in the UK, helping people build financial foundations for life. Since 1942, it's helped millions of workers with everything from holiday pay to saving for retirement. And as People's Partnership has grown, it's kept the needs of working people and their families at the centre of everything it does.

Our Heritage: People's Partnership - YouTube

The Trustee Board is looking to add a new Trustee Director as an additional hire and they will join the Risk, Administration and Communications Committee. They will act as an independent Trustee Director of The People’s Pension in line with the Scheme’s governing documentation, legal fiduciary duties, and in the best interest of the members of the Scheme. The Trustee Director will also work with the Scheme Strategist and Scheme Funder, as part of providing oversight and governance of the Scheme, so a good understanding of the strategic direction of business and the commercial environment is required.

Responsibilities include to:

• Govern The People’s Pension in line with the Trust Deed and Rules, legal and regulatory requirements.
• Understand the Scheme structure and its strategic direction to enable meaningful oversight of its operation and management in line with the Scheme’s business plan.
• Oversee, monitor and manage the strategic business plan.
• Work closely and collaborate with fellow Trustee Directors and the Chair of the Trustee Board.
• Meet and work with senior managers of People’s Partnership to create and maintain a strong working relationship that creates understanding of the commercial requirements and strategy of the business whilst retaining independence.
• Ensure fulfilment of responsibilities for Scheme Governance, including investment and scheme administration.
• Participate in the Trustee annual planning and budgeting process.
• Consider the content of the service supplier agreements and ensure you have sufficient understanding of the scope and impact of the services required.
• Ensure that the work carried out by all service suppliers including governance, administration, investment and funding is performed in line with approved written agreements and the Trustee Board’s annual objectives.
• Interact with the Trustee Services Team on any work carried out on the Board’s behalf including meeting papers.
• Contribute during Trustee Board and / or committee meetings and be conversant with current issues and work demands of the Scheme.
• Ensure that you adhere to all Trustee Policies and procedures and ensure any breaches are reported where necessary. Contribute to the review of service providers, agreements and performance regularly.
• Maintain all standards required by the regulatory authorities, keeping knowledge up to date.

The successful candidate must also:

• Adhere to Company Risk Management policy and procedures, including reporting of incidents or breaches.
• Apply and promote Treating Customers Fairly (TCF) culture and principles, together with the organisation’s behaviours and values.
• Adhere to Company and Trustee Diversity and Inclusion policy.

Applicants will bring a background in technology leadership and / or digital transformation and will have a commercial awareness of the impact of cybercrime (ideally upon financial services) and key emerging threats. They could have held a specialist technology position (e.g. CIO or CTO) or a broader commercial position (e.g. COO / CEO) but must have had direct responsibility for a technology / technology security or digital function. Those who have subsequently broadened out into general commercial leadership positions ideally will have come down the technology route in their earlier career. Candidates will be able to act as the voice on all things tech / cyber-related on the Board, and will bring recent UK regulated financial services experience at Executive Committee or Board level but do not need to have extensive financial services expertise.

Whilst direct pensions experience would be beneficial, it is not essential as there is already a lot of pension expertise on the Board. Candidates must, however, bring basic knowledge of governance and regulatory issues affecting the management and administration, financial controls and risk management of defined contribution pension schemes. 

Candidates must have completed the Pension Regulators Trustee Toolkit in advance of being appointed unless they already have master trust experience.

The Board is open to first-time non-executives as long as candidates have worked in a board or committee-type environment and can demonstrate an understanding of the importance of good governance and collective decision making.

Candidates must have a strong desire to work in a purposeful financial services firm without shareholders. They will likely be UK based and could either be an affiliated or non-affiliated Trustee.

Please note: the Board is committed to ensuring that its composition reflects both gender and ethnic diversity; as such, its commitment to diversity may be an important factor in its process. Please see the Diversity section for further guidance.

Mark Condron, Chair of the Trustees

Chris Fagan

Baroness Drake CBE 

David Butcher

David Maddison 

Emma Osborne

People's Partnership welcomes applications from everyone regardless of age, gender, ethnicity, sexual orientation, belief or disability. The Board is particularly keen to reflect the communities it serves in its board membership. All appointments will be made on merit, following a fair and transparent process.