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The Trustees

Five trustees represent employers and five represent members. The Trustee Board can also include up to three co-opted directors. They come from a wide range of backgrounds including lawyers, accountants, HR professionals and cost draftsman. The full board meets once a quarter and has monthly conference calls in the intervening months. There are Committees for Finance, Investment, Legal, Strategic and Funding, which consider issues in depth before making recommendations to the full Board.

Sir Derek Morris

Chairman and Strategic Committee Chairman

Derek joined the Board as Independent Chairman in April 2017. He was for many years the fellow and tutor in economics at Oriel College, Oxford University, specialising in industrial, investment and financial economics. From 1997 to 2004 he was Chairman of the UK Competition Commission (now the Competition and Markets

Authority). From 2004 to 2013 he returned to Oxford as the Provost of Oriel College. He currently leads a multi-disciplinary team advising the Chinese Government on further stages of economic reform in China.

In the pensions field he was from 2006 to 2012, Chairman of Lucida plc, a pension buy-out company; and from 2006 to 2016 the Independent Chairman of the Oxford University Press pension scheme. In 2004-5 He conducted the Government’s Morris Review of the Actuarial Profession, and chaired the Treasury’s 2009 Working Party on addressing the consequences of the financial crisis for the pensions industry.

Neil Braithwaite

Vice Chairman

Neil joined the board in 2008 as an employer nominated trustee. He is a solicitor and was Managing Partner of Dickinson Dees LLP for 10 years to 2008. Dickinson Dees LLP is one of the largest regional law firms in the country being based in Newcastle upon Tyne with offices in Teesside, York and London. Neil is now Senior Counsel with that firm and also undertakes a number of roles outside the firm working with the North East business community.

Ian Gault

Vice Chairman and Legal Committee Chairman

Ian joined the board in July 1992 as an employer nominated trustee. He was appointed as the Vice Chairman on 1 January 2014.

Ian was a partner and is now a consultant at Herbert Smith Freehills LLP. Ian specialises in all aspects of pensions law and brings more than 30 years of experience to support Cheviot’s Trustee Board. He chairs the Legal Committee.

Alison Hunt

member representative

Alison joined the Committee of Management in 2001 motivated by her strong wish to be involved in looking after the interests of members of the Cheviot pension schemes. She is particularly interested in the investment issues and is a member of the Investment Sub-Committee. Another area in which she takes a special interest is in the communication of information to members.

Alison worked for Radcliffes (now RadcliffesLeBrasseur) as a law librarian and as a legal researcher. By studying whilst employed, she became a qualified Legal Executive. Her interest in personal finance led her to further studies on financial planning and she attained the Chartered Insurance Institute’s Financial Planning Certificate.

Since leaving Radcliffes, Alison has become a specialist editor working for the marketing departments of several law firms.

Giles Orton

co-opted director

Giles was co-opted to the Board in 2018.

Giles was a partner and is now a consultant with Eversheds-Sutherland, specialising in pensions litigation. He has over 20 years' experience of trusteeship of a wide range of pension funds and is a former President of The Association of Corporate Trustees. He is also a priest and non-stipendiary curate in the Church of England.

Paul Hughes

co-opted director

Paul Hughes qualified as an accountant with Peat Marwick Mitchell in 1973 and worked for major insurance broker C E Heath Plc for 25 years. He was Group Finance Director of C E Heath Plc for ten years until he left in 1997.

Since that time Paul has held a number of non-executive roles on both audit and security committees.

He worked for Cheviot from 2000 to 2003 and had responsibility for the Finance and IT functions. Since that time he has assisted Cheviot on a number of occasions with specific projects generally in the Finance area.

Elspeth McKinnon

co-opted director

Ellie has overall responsibility for The Cheviot Trust, including the day to day operation of the office in Southend and all strategic and tactical issues facing the Board. She also provides consultancy services to other organisations and trustee boards.

Ellie joined Cheviot in October 1992. Prior to this, she spent four years with a top London law firm as a pensions lawyer. She holds a Bachelor of Arts (Law) degree.

Ellie retains a strong interest in the impact of legislation on pensions and the responsibilities of trustee bodies. In addition, the last four years in particular have required that Ellie focus intently on investment strategy and implementation.

Frank Purdy

member representative

Member Nominated Representative, appointed April 2008. Until retirement, an "in-house" solicitor with a multi-national company in the oil and gas sector; and a continuing trustee director, nominated by its pensioner community, of the company's large defined benefits pension scheme - one of the decreasingly few such schemes still open both to new members and to continuing service accrual. Motivated to join Cheviot by the challenge of its labyrinthine complexities and a perceived opportunity to contribute to effective delivery on the central requirement of working to safeguard members' interests by tackling and resolving the wide spectrum of issues that confront it in a climate of increasing regulation and shifting economic and demographic scenarios: but also having a vested interest as the recipient of a very modest annuity deriving from service in far-distant days as a solicitors' clerk.

John Berry

member representative

A Law Costs Draftsman with offices in Essex. Joined the pension scheme more than forty years ago. Elected as a members representative in 2008. Joined the Legal & Strategic Sub Committees. Wishes to further the aims of members and improve communication between the Board and membership.

John Dungay

Finance Committee Chairman

John joined the board in 1997 as a member nominated trustee. John worked as a Financial Controller at Church Adams Tatham for 25 Years and left two years after its amalgamation with Thomas Eggar. Prior to this John worked as a senior manager of three firms of Chartered Accountants, initially with Carter Son & White who acted for a number of solicitors and insurance companies.

Since retirement John has acted as Treasurer of The Band of The Surrey Yeomanry, Treasurer of a local charity for overseas aid and Chairman of a local village hall.

Martin Poore

employer representative

Martin joined the board in 2013 as an employer nominated trustee.

Vineeta Smith

employer representative

Vineeta is an employer nominated trustee. She joined the board in 2008.

Vineeta worked as the Head of HR for the national law firm Thompsons. Her involvement as a Trustee Director stems from a desire to ensure that members of the Cheviot pension schemes get the best pension benefits possible for their contributions. So, as well as investment returns, Vineeta also has a keen interest in the management of the schemes and their costs, and also in improving communication to both members and employers.

Before joining Thompsons, Vineeta had worked since 1996 outside of the legal sector. As a result of that, and her involvement in mergers and acquisitions, she can draw on knowledge and experience of a variety of different forms of pensions schemes and arrangements.

Gerald Kidd

employer representative

Gerald joined the board in September 2014 as an employer nominated trustee.

Gerald trained and has continued to work at Pothecary Witham Weld, a medium sized firm based near Victoria. He specialises in advising charities about governance and investment matters and also private individuals about Trusts. Both as a trustee and adviser he has been involved in considering many aspects of investment management. In recent years he has been involved in advising some of the firm’s charity clients about their pension schemes. Gerald is a trustee of a number of charities and approximately twenty family Trusts. In his spare time Gerald is a keen theatre goer and supports a number of arts organisations.

Maralyn Thomas

member representative

Maralyn joined the Board in June 2017 as a member-nominated trustee. She is a Solicitor and, until 2010, was head of pensions at a large Midlands law firm, and managing trustee of their subsidiary trustee company, which she founded.

Maralyn has been a trustee for over 15 years, her first trustee appointment having come from OPRA, the predecessor of the Pensions Regulator.

Maralyn now provides services to businesses and trustee boards, including trusteeship, governance and consultancy services.

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