Expertise
We have a wealth of experience in managing pension schemes and this can be of great value in terms of good governance and professional advice to your scheme.
Corporate Principal Officer
A corporate principal officer plays the role of trustee support function. This role in summary is to support the trustees in the exercise of their trust and to give the sponsor the comfort that the scheme is being properly managed and administered.
- Occupational Pension Schemes
- Individual Personal Pension Schemes
The role of a Corporate Principal Officer
- To manage the relationships with the fund manager, fund administrator, auditor and any other service providers or advisers.
- To monitor service levels and ensure that they comply with service agreements.
- To review and oversee implementation of an Investment Income Distribution Policy.
- To receive and review reports from service providers and provide independent assessments and guidance to the Trustees on a quarterly basis.
- To develop, and oversee the implementation of, an Administration and Accounting Procedures Manual to ensure proper administration of the schemes.
- To organise, attend and take minutes at Trustee meetings, as well as to oversee implementation of decisions taken by the Trustees.
- To manage relationships and communications with Scheme Members.
Benefits
Benefits of our services to your scheme
Networks
We bring on board a wider variety of skills and resources, and are likely to be able to address all the needs of the scheme.
Collaboration
The corporate principal officer also has the mandate of ensuring that the objectives of the sponsor are met within the scheme.
Time
The board of trustees are also full time employees of the sponsoring organisation and as such are required to give of their time and skills to their duties. By having a corporate principal officer they are able to delegate some of their duties to experts and concentrate on their work.
Service
By appointing a corporate principal officer the trustees are able to provide quality service to the members of the scheme while minimising the time they actually spend personally overseeing the day to day running of the scheme.
Quality assurance
Part of the mandate of the corporate principal officer is to ensure that the service providers appointed adhere to the service level agreements stipulated in their contracts. This enhances the quality of service and assures the sponsor, together with the members, of consistency in the expected level of service.
Get in touch
Talk to us
Tell us what you need and the right team will come back to you.
- +254 20 278 8000
- +254 788 617 443
- info@enwealth.co.ke
- Enwealth Business Centre, Ngong Lane, Ngong Road, Nairobi, Kenya
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