Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Corporate trustee definition

What does Corporate trustee mean? A corporate trustee is a company (or other body corporate) appointed to hold and administer trust property in place of individual trustees, commonly used for pension schemes, security trusts in finance transactions, charitable trusts and private trusts. The expression is descriptive rather than a standalone legal term. Across England and Wales, Scotland, Northern Ireland and Ireland, a company may act as trustee and is subject to the ordinary fiduciary duties of trustees (loyalty, proper purpose, good faith) and a duty of care. Where the trustee acts in the course of a business, a higher professional standard of care typically...

Articles of association for pension trustee companies: key drafting issues, MND requirements and compliance under the Companies Act 2006

Published by a LexisNexis Pensions expert

Practice notes

THIS PRACTICE NOTE APPLIES TO TRUST-BASED OCCUPATIONAL PENSION SCHEMES

Occupational pension scheme trustees are generally either individual trustees or corporate trustees. A corporate trustee is typically a private limited company governed by the Companies Act 2006 (CA 2006). Corporate trustees are often installed in one of two ways:

in place of a board of individual trustees for a particular scheme. A trustee company is formed to act solely as the single trustee of that scheme, and the company’s directors effectively step into the role otherwise fulfilled by the board of individual trustees. Those directors are commonly called trustees, although, strictly, they are directors and are more accurately described as ‘trustee directors’. An independent professional trustee company can be appointed as a trustee director to a trustee company of this type
independent professional trustees are usually established as limited companies. They may be appointed alongside other individual trustees or as sole trustees. The person who carries out the corporate trustee’s day-to-day functions may, or may not, be a director of the trustee company

This Practice Note concerns the first kind of trustee referred to above. Why use a...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Mark Ridler

Hill Dickinson

Mark is a legal director at Hill Dickinson. He qualified as a solicitor in 1986 and, after initially specialising as a corporate lawyer, has advised pension scheme trustees and corporate clients for over 20 years on a wide range of pension matters, including: resolving historic errors in pension documentation; drafting and updating pension scheme documentation; the pensions aspects of corporate transactions and restructuring; the closure, wind up and merger of pension schemes; Pensions Regulator proceedings; the Local Government Pension Scheme; fiduciary management agreements; and auto-enrolment.Chambers 2013 says that Mark is noted for his wide-ranging experience of pensions law and that one peer states: "He's technically very able" and clients have noted in Chambers that Mark offers “good, strong, pragmatic” advice....

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...