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Who is the Trustee?

The DHL Group Retirement Plan is the sponsored pension plan for UK employees of DHL; it is financially and legally separate from DHL although we work closely with DHL as the company that supports the scheme.

The Plan is managed by the Trustee – as a company called DHL Trustee Ltd – and is made up of 10 directors, four of which are nominated by members, four by the company, and two independent of both.

Your State Pension

What does the Trustee do?

The Directors are responsible for managing the Plan and paying out benefits due to members. With that in mind, they work to ensure:

  • That benefits are paid out to members correctly, and on time;
  • That the right contributions are received from members and DHL, and those contributions are appropriately managed and invested;
  • That all Plan assets are managed and invested;
  • Proper and accurate records are kept which detail members’ benefit entitlements;
  • Members are kept informed about their benefits and Plan governance;
  • Regular assessments and valuations of the Plan’s funding position are made with the help of their advisers, to judge the ability to meet members’ benefit entitlements; and
  • The Plan is run in line with the Plan rules and applicable legislation.