If you wish to make a nomination, please submit your nomination online by 30 September 2026.
A PDF version of the application form also be downloaded. If you would prefer an offline copy of the supporting information, please contact the Trustees or Isio.
The Trustees of the Jungheinrich UK Limited Retirement Benefits Scheme (‘the Scheme’) currently have a vacancy for a Member Nominated Trustee (MNT) on the Trustee Board and are looking for an enthusiastic and committed member of the Scheme to join the board.
This is your opportunity to take an active role in the running of the Scheme. If you’d like to challenge yourself and make a difference, please read the information on the role, who we’re looking for and how you can apply.
Below you can find information regarding the role:
Following the nomination process, a selection process will be carried out if there are more nominations than vacancies.
Applications can be sent by completing the form below.
Please get in touch if you have any questions regarding the nomination process, or if you are interested in standing for nomination and have queries about the role, you can get in touch by contacting Isio on telephone number 0333 014 5485 or by email at Jungheinrich.Pensions@isio.com.
The Scheme currently has four Trustees: one independent chair, one nominated by Jungheinrich UK Limited (‘the Company’) and two member-nominated Trustees (known as MNTs).
The independent chair of Trustees is currently:
The Company-nominated Trustees are currently:
The MNTs are:
MNTs currently serve for a period of five years and the last full MNT selection process was completed in September 2024. Karen Taylor’s current period of office is due to expire in August 2026 after standing for a re-selection for a five-year period in September 2021.
Therefore, in line with the rules governing the Scheme’s MNT arrangements, the Trustees are inviting members to apply for the MNT position. The period of office will run from October 2026 for a term of five years until September 2031.
The Trustees are responsible for ensuring that the Scheme is administered in accordance with the trust deed and rules and legislation. If regulations are not adhered to, financial penalties or prosecution could result, and these could be imposed on the Trustees themselves.
An MNT has exactly the same functions and responsibilities as the other Trustees:
Further information is available from The Pension Regulator’s website at www.thepensionsregulator.gov.uk.
The Trustees meet regularly during the year but may also be contacted to consider matters outside of the Trustee meetings.
All Trustees will be required to sign a Confidentiality Agreement, which confirms that the information they have access to regarding the employers participating in the Scheme and the members of the Scheme will be kept confidential and will only be used in connection with the running of the Scheme.
New Trustees will be required to gain the appropriate skills and knowledge to perform their duties as a Trustee within 6 months of appointment. Further details will be provided on appointment, although potential nominees should be aware that a new Trustee is accountable in law immediately on appointment. The website of the Pensions Regulator contains a free e-learning programme for Trustees which potential nominees may find useful and which the Regulator believes is an essential programme of study for new Trustees.
Deferred members who are currently employed by the Company and pensioner members of the Scheme may become MNTs.
Under UK legislation you cannot be a Trustee if you:
A person who purports to act as a Trustee whilst disqualified will be guilty of a criminal offence.
The Trustees have agreed that the standard term of office for MNTs should be five years, and that the terms should continue to be staggered to provide continuity on the Trustee Board. To achieve this, for the new MNT position there will be a five-year term.
MNTs should expect to serve the full five year term, unless they retire from office, die, leave the Scheme (for example, if they transfer their benefits to another pension arrangement) or they are removed in exceptional circumstances by the Trustees.
At the end of their term of office they may stand for re-selection.
If an MNT ceases to be a Trustee before the end of their period of office, a replacement will be sought using the nomination and selection process.
The government and the Pensions Regulator actively encourage pension scheme members to serve as Trustees. The current Trustees of the Scheme support the concept of member-nominated Trustees (MNTs) as they bring additional skills and diversity to the Trustee board while improving the level of transparency and member involvement.
Being an MNT is a responsible and demanding job, requiring particular skills and carrying significant personal responsibilities. All of the Trustees are responsible for managing all aspects of the Scheme in much the same way as a board of directors is responsible for managing a company. Trustees can delegate some functions (usually in the area of Scheme administration) but cannot delegate their responsibility.
Pension schemes are heavily regulated and Trustees must ensure that the scheme they oversee is compliant at all times. Trustees are responsible for scheme administration, record keeping, benefit calculations and payments. They must ensure the scheme rules are applied and must safeguard members’ interests in the scheme. Where scheme rules give the Trustees responsibility to decide who receives benefits (and to what extent) the powers must be used consistently and fairly. They must commission valuations and negotiate contribution rates with employers. They must also determine what investment policy is appropriate for the scheme and appoint appropriate investment managers.
Professionals are appointed to advise on legal, investment and actuarial issues, but only the Trustees have the power to make decisions.
All Trustees have a duty to manage schemes in the best interests of all members; MNTs are not permitted to represent or favour any particular group or category of the membership.
The Pensions Regulator has sets out guidance of the standards required in their Code of Practice. This can be viewed on the website www.thepensionsregulator.gov.uk/en/document-library/code-of-practice and is in the governing body section.
For all but the most experienced Trustee, meeting the standards expected will involve an initial period of formal training and subsequent updates. For new Trustees, with little or no experience, the training process will be fairly demanding, involving a combination of several days’ initial formal training and an ongoing programme of informal study.
The Regulator has also established a Trustee e-learning programme which can be accessed at trusteetoolkit.thepensionsregulator.gov.uk. Trustees are encouraged to complete this course and obtain the resulting certification of competence. Anyone wishing to investigate the nature of the learning programme should access the first module which provides a good indication of the level of difficulty.
New Trustees have 6 months in which to reach the standard outlined by the Regulator, although the Regulator makes it clear that learning should be started immediately on appointment, if not before.
There is no formal examination at the end of the training period, but individual Trustees are responsible for ensuring that they reach the required level of knowledge and understanding.
Trustees are responsible for selecting the scheme’s investment policy with the help of a professional adviser. This is arguably the Trustees’ most important function. It involves an analysis of the scheme’s liabilities and what investment policy, in conjunction with the employers’ contributions, is most likely to ensure that the assets are sufficient to meet the liabilities as they fall due.
The concepts and required level of understanding are likely to be fairly challenging for anyone not already familiar with institutional finance or investment.
Trustees must communicate with each other, their advisers and any employers on a continuous basis. Statutory time limits apply to many scheme processes. If a Trustee is operating from home, the necessary communication facilities must exist. In addition to a telephone, a Trustee will need email and basic computing/printing facilities, e.g. Microsoft Office software, and internet access.
It will be necessary to attend Trustee meetings (taking place via the online platform Microsoft Teams and at Jungheinrich UK Limited’s offices in Milton Keynes). Formal Trustee meetings take place two times a year, and usually last around half a day. In addition, from time to time it may be necessary to hold supplementary meetings. Many Trustee actions and decisions are time sensitive so the Trustees must be willing to make themselves available when needed.
Trustees make decisions and take actions which have the potential to affect members’ lives. Trustees must do these things within the framework of the scheme’s trust deed and rules and prevailing legislation. If they do this reasonably and in good faith they are legally protected from the consequences by a wide- ranging indemnity.
However, if the Trustees are negligent or dishonest the indemnity may not apply and the Trustees may be individually or collectively responsible for the consequences of those actions or omissions even if another Trustee has committed the error. This may include the imposition of fines or compensation orders.
Members may nominate an MNT via the online nomination form available at yourisio.com/jungheinrich-mnt. A member may nominate themselves. Nominations must be seconded by another Scheme member, who will be asked to provide their details as part of the online nomination process. Members who wish to complete an offline nomination form can download a paper copy.
Following the nomination process, if there are more nominations than vacancies, the candidates will go through a selection procedure where they will be interviewed by a panel chosen by the Chair of Trustees, Mike Weir. The results will be announced as soon as practicable after this.
If the number of nominations is less than or equal to the number of vacancies, the nominees are deemed to be selected.
This is only a brief summary of the Trustee role. If you are interested in becoming a Trustee, but wish to discuss any of these points, please contact Isio on the details provided below.
If you have any questions about the MNT arrangements or require further information about the Scheme, please contact Isio on:
Telephone: 0333 014 5485
Email: Jungheinrich.Pensions@isio.com
