15 Jun 2020

Extension of the Term of Office of a Member Nominated Trustee Director

The Term of Office of Jeremy Penn, a Member-Nominated Trustee Director (MNTD) of the Scheme, came to an end in mid-May.

The Trustee Board discussed the requirement to hold elections to fill the position and agreed that this would not be a good time to lose Jeremy's expertise, given the current COVID-19 situation as well as the on-going triennial valuation discussions with the Sponsoring Company and the negotiations in respect of the announced acquisition of Refinitiv by London Stock Exchange Group.

The Trustee Board has the power to extend the Terms of Office of MNTDs and has therefore decided to use this power to extend Jeremy’s term by 2 years. Jeremy has kindly agreed to continue in his role.

if you have any questions on this article please contact the Scheme Secretary at Claudia.Bunney@barnett-waddingham.co.uk