Trustee update
Learn more about the people who run your pension, and how they ensure that the Trust remains an award-winning pension scheme.
Your Trustee Board
The Trust is managed by a corporate Trustee company, called Rolls-Royce Retirement Savings Trust Limited. Its Board of Trustee Directors (the Trustees) are assisted by a group of professional advisers.
The Trustee Directors review and monitor the performance of Aviva’s administration team, which is also audited externally by Deloitte LLP as part of the annual audit. The Trustee Board has five Company-appointed Trustee Directors, including a Chair and a Director nominated by the Central Negotiating Committee (CNC). They’re joined by three member-nominated Trustee Directors.
The Trustee Board runs the Trust in the interests of all its members and has responsibility for its governance, monitoring investment performance and administration.
The Trustee Directors attend four quarterly meetings and a strategy event held during October. Each Trustee Director is typically in place for a four-year term and can serve a maximum of two terms.
Company-appointed Trustees
Mark Porter
Works Convenor / Chair of UK Council
Fiona Brown
Group Head of Pensions &
Benefits
Teresa Waine
Internal Audit Manager
Nick Sloan
CNC Machinist / Senior TU
Representative
Member-nominated Trustees
Anne-Marie Smith
Senior Finance Business
Partner, Group IT
Kevin Wright
General Machinist
Roger Dale
Buyer – Branch Treasurer
& Senior Staff Representative
Trustee Directors Nick Sloan and Roger Dale explain the role they play in representing their colleagues on the Trustee Board.
Pensions Adviser
Pensions Department, Rolls-Royce plc, Derby
Administrator
Aviva Life & Pensions
Auditors
Deloitte LLP
Investment Consultant
Mercer
Investment Manager
Aviva Life & Pensions
Investment Management Adviser
BlackRock
Life Assurance Providers
Aviva and MetLife
Secretary to the Trustee
Richard Hill, Pensions Manager, Rolls-Royce plc, Derby
Pensions Quality Mark (PQM)
We’re proud to hold the PQM Plus, the highest level of recognition awarded by the Pensions and Lifetime Savings Association’s PQM accreditation scheme. PQM Plus recognises and celebrates high-quality defined contribution retirement savings schemes, supported by a contribution rate of at least 10% from the employer.
PQM status was awarded to the Savings Trust in 2020 and this was upgraded to PQM Plus in 2022 – a rating we’ve maintained ever since. This demonstrates that your scheme has been independently ranked as a top-quality retirement savings scheme that supports its members in saving for retirement.
You can find out more on the PQM website.
