The Trustees are responsible for running your Plan in accordance with the Trust Deed and in the best interests of you and your family. Its assets (including members’ AVC savings) are held in a fund entirely separate from those of the Company and can only be used for the benefit of members and their families.
The Trustees take expert advice in running the Plan from a range of “advisers”.
All of the benefits described on this site are provided from the Plan, with the exception of the State Pension, which is provided by the State.
Trustees
There are eight Trustee Directors on the Board of Dow Services Trustees UK Limited. The Company has appointed five of the Trustee Directors and Plan members have nominated the other three. The Trust Deed gives the Company the right to replace Trustee Directors.
The current Trustee Directors are:
Andrew Jones (Chair), Julie Roberts, John Case, Udipta Mukherji, Liza Adeyemi, Kevin Blackwell*, Mark Bradford* and Simon Upcott*.
*Indicates Member-Nominated Directors (MNDs) nominated by Plan members.
MNDs are appointed for four-year periods and can put themselves forward for re-election.
Advisers
To help run the Plan on a day-to-day basis, the Trustee takes advice from a number of experts, including those detailed below.
Plan Administrator
|
Aon Limited
|
Plan Actuary
|
Gareth Connolly of Willis Towers Watson |
| Secretary to the Trustees |
Kathryn Connell of Aon Limited |
| Legal Advisors |
Sacker & Partners |
| Auditors |
Deloitte LLP |
| Bankers |
HSBC |
| Investment Consultants |
Aon Limited
|
Data protection
The Trustee holds personal details about you that are essential for running the Plan. From 25 May 2018, new EU regulation, the General Data Protection Regulation (‘GDPR’) replaced the Data Protect Act. The aims of the new regulation are:
- To give people more say in how their personal information is used; and
- To improve security by standardising the way organisations throughout the UK store and use personal information.
The Trustees and some of the Trustee’s advisers are Data controllers under the new regulations and members and dependants can view the Data Controllers’ Privacy Notices, which explain how data is processed and how the Data Controllers’ obligations are met below:
www.willistowerswatson.com/personal-data
You can view the Trustee's Privacy Notice here:
Plan benefits
The Plan offers a range of benefits to provide financial security for you and your family, both during your career with the Company and after you retire. For more information about the Plan, simply view the Plan Booklet. This summarises the benefits the Plan provides for you.
Please note that this booklet is currently in the process of being updated to reflect the recent buy-in and so this version will be replaced in due course.