The Alternative Governance Structure (AGS)
The Alternative Governance Structure (AGS) allows a company and its employees to remain involved in the management of a pension scheme but without the liability associated with being a trustee.
Amongst other advantages, the AGS avoids:
- The need for a Member Nominated Trustee process
- The need for compliance with the Trustees’ Knowledge and Understanding requirements
- The employer having to underwrite an indemnity to the trustees
How it works:
PTL are appointed as the sole corporate trustee and chair of a governance committee that advises the trustee.
The governance committee would be involved in all aspects of managing the scheme.
Please contact us for further information about our Services