MRC Pension Scheme is governed by Trust Deeds and Rules and is managed by the MRC Pension Trust Limited.
There are nine Directors of MRC Pension Trust Limited. The Directors are known as Trustees and they make sure the Scheme is run in the best interests of members; they also make sure it follows laws and legislation about pensions and making sure changes are reflected where necessary.
The Trustee undertakes extensive training to make sure it is able to run the Scheme properly.
There are nine Trustees in total:
- The Company appoints 5, including the Chairman
- The remaining four are nominated by members of the Scheme, and
|The Trustee is made up of:|
|Hugh Dunlop||Company Appointed|
|Rebecca Leigh||Company Appointed|
|Kevin Moreton PhD||Company Appointed|
|Carole Walker||Company Appointed|
|Prof Howard Cook PhD||Member Nominated|
|Prof Kelvin Cain PhD||Member Nominated|
|Geoff Der||Member Nominated|
|Peter Morgan PhD||Member Nominated|
John Preston is a professional independent Trustee with considerable experience of chairing the boards of large pension schemes and is currently also the Chair of the Sainsbury’s Pension Scheme. He has particular experience in the fields of investment and governance. Outside of his pension work, he is currently the honorary Treasurer and Council member of the University of Bath and is a Council member and past president of the Chartered Institute of Taxation. John was a partner in PricewaterhouseCoopers for 23 years where he had a wide variety of leadership and client based roles.
The day to day management of the Scheme is managed by Jim Clerkin, the Director of MRC Group Pensions. Jim joined MRC in 2004 and has an extensive background in occupational pensions having worked previously for AMP, Philips Electronics, NatWest and RBS. He is Director of MRC Group Pensions and Secretary to the Trustees. Based in London, Jim is part of the Corporate HR team and also sits on the Pensions Advisory Board of the EMBL Pension Scheme. Jim is a Fellow of the Pensions Management Institute and the Chartered Institute of Insurers and holds the Diploma in International Employee Benefits.
The Trustee also uses the services of professional advisers to help them.
JLT Employee Benefits provides award winning pensions administration services and has been appointed by the Trustee to look after the day-to-day running of the Scheme and to settle the benefits due to you and your family at the appropriate time.
Should you have any questions about the Scheme, please refer them to JLT in the first instance using the contact details above.