You are here:
- Digital
- Active
- Plan information
The trustee is responsible for running the Plan and is supported by a secretariat team and a range of professional advisers. The trustee board meets at least quarterly and receives reports from its Sub-Committees. The responsibilities of the trustee are extensive.
The size of the assets and membership of the Plan requires considerable time and careful governance to ensure that member benefits are safeguarded.
On 28 October 2016 the structure of the trustee board changed from individual trustees to a trustee company. The then individual trustees of the Hewlett-Packard Limited Retirement Benefits Plan (the “Plan”) are now directors of Hewlett Packard Enterprise UK Pension Trustee Limited, which is now the sole corporate trustee of the Plan.
The trustees of the Plan agreed to set up a trustee company to act as sole trustee of the Plan, rather than remaining as individual trustees, for a number of reasons, including:
However, as directors of a company, they must comply with their directors’ duties and with other statutory requirements for directors of companies. This adds an additional layer of scrutiny to their actions.
Company Nominated |
Member Nominated |
---|---|
Paul Early (Chairman) |
Beverly Clements |
Jonathan Lord |
Philip French |
Gillian Manning | Phil Lawman |
Keith Norrington |
|
Martin Smith |
The full Trustee board is responsible for making all strategic decisions, whereas the Sub-Committees primarily act as advisory bodies, making recommendations to the full Trustee board.
The existing Sub-Committees are: