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Independent Trustee Board

The individuals governing the scheme

In 2015, Welplan took the decision to appoint an Independent Trustee Board to ensure the Board met the requirements of The Occupational Pension Schemes (Charges and Governance) Regulations, 2015. It was also felt that the introduction of external perspectives and further relevant experience would lead to additional challenge and debate around requirements, which would benefit scheme members.

Relevant skills and experience of the Trustees:

Colin Richardson – Trustee Director (Chair) has 26 years in pensions work including actuarial, consultancy and trusteeship. He acts as independent trustee on several DB and DC pension schemes both large and small including 4 DC Master Trusts and also is a member of the Internal Governance Committees for two leading workplace pension providers.  Colin chairs the PTL Governance Advisory Arrangement for pension providers which provides governance for 12 further pension providers. He is formerly a Director at KPMG and a partner at Barnett Waddingham with subsequent senior positions at JLT and Buck Consultants. Colin also has advised upon auto-enrolment design and implementation, has significant project management experience relating to pension arrangements and has delivered numerous Trustee training courses and spoken at many pensions industry events. Colin is a former chair of the Association of Consulting Actuaries (ACA) Investment Committee and a former member of the ACA Local Government Committee and NAPF Yorkshire Committee.


Bruce Kirton – Trustee Director is the Chief Executive of Welplan Ltd and has been a director-trustee of Welplan Pensions since 1999, firstly as a director of long-standing corporate trustee Welplan Ltd and, since April 2015, as a member of the new independent trustee board.

Bruce joined Welplan in 1991 and has extensive trustee experience of trust-based employee benefit schemes, including both defined benefit and defined contribution pension arrangements.


Cedric Sloan – Trustee Director graduated from Liverpool University in 1968 with an honours degree in electrical engineering and was then commissioned in to the Royal Engineers. His Army career of 30 years covered a variety of command and staff appointments across the world. He gained a Masters degree in defence administration from Cranfield University before retiring as a lieutenant colonel to join the Federation of Environmental Trade Associations (FETA) as its Director General. He retired from this second career in 2014 and became an independent trustee for Welplan Pensions in 2015.


Richard Read – Trustee Director has worked in the Building Services Industry for 36 years. Starting as an Indentured Electrical Apprentice and finally retiring as Chief Executive of a major Building Services company. He has continued to put his business and commercial experience to use as a non-executive director of Welplan Ltd. He has also a keen interest in pension issues being a Trustee Director of Welplan Pensions and a Member Nominated Trustee of the Lorne Stewart Pension Scheme.


Andrew Ramsay – Trustee Director has over 10 years of experience in the field of pensions, having held employer nominated and member nominated trustee positions in various schemes.  Formerly chief executive of the Chartered Institution of Building Services Engineers and of the Engineering Council, he now practices as a freelance advisor to charities and professional bodies on governance issues.  He is a chartered secretary and a chartered engineer.


Gillian McKillop - Secretary to the Trustee Board joined Guardian Royal Exchange in Edinburgh in 1986 with an accountancy degree and began training towards Associateship of the Chartered Insurance Institute (CII).  She joined Welplan in 1992 and, whilst managing the administration of a variety of Welplan’s multi-employer pension and employee benefit schemes, qualified as a Fellow of the CII.  In her dedicated role as Secretary to the Trustee Board, Gillian draws on 30 years of pensions experience and knowledge to support the independent Trustee Board, ensuring that reporting from service providers is monitored and developed as necessary and that Board decisions are actioned.