What happens next?

As part of the application process the three Pensioner members supporting your nomination will be contacted by the Pensions Team to confirm that they are eligible members and are supporting your nomination. Please note that under the Rules your supporting members cannot simultaneously support another candidate.

Assuming more than one member applies for this position, the Trustee will undertake a selection process.

The Trustee has adopted a selection process to:

• Ensure the Trustee Board composition optimises the breadth and combination of skills required to manage the Scheme,
• Enhance the dynamics and effectiveness of the Trustee Board, and
• Undertake appropriate consideration of diversity and inclusion objectives.

To help ensure that this is a fair and objective process, the Company’s Director of Diversity and Inclusion or a member of his team will be included on the selection panel at stage 1, together with a subset of Trustee Directors.

The process allows for two stages, depending on the number of candidates. If there are more than four candidates then a Selection Panel will meet to review all applications and will select four candidates to be interviewed by the Chairman’s Selection Panel.

If there are less than four applications then all candidates will be interviewed by the Chairman’s Selection Panel. This panel will consist of the Trustee Board Chairman, the Audit & Governance Committee Chairman, a Member Nominated Trustee Director, a representative from the Company’s Diversity and Inclusion Team, and the Pensions Manager.

Interviews will be held in person in London at 10 Fenchurch Avenue, EC3M 5AG during June 2025.

As well as the principal criteria set out in the letter inviting applications, the following factors will be considered when choosing the successful candidate:

• An aspiration to act in the interests of all of the Scheme’s members;
• The ability to contribute to the effective and positive working of the Trustee Board;
• Experience as a director or trustee or any other governance role;
• Relevant professional qualifications, if any;
• Work experience and areas of relevant expertise such as pensions, pensions administration and investment; and
• Any particular requirements of the Trustee Board at the time of selection such as any specific areas of expertise and its policy on diversity.

If no one applies the role will remain vacant for a period of 12 months. After this time Pensioner members will again be invited to apply.