SAUL Trustee Company

We provide administration services for the Superannuation Arrangements of the University of London, a pension scheme for employers in the higher education sector.
http://www.saul.org.uk/

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SAUL Trustee Company (STC) provides high-quality pensions for higher education employees and their families. Its staff includes dedicated pensions experts who provide a range of services including payroll, finance, investment and communications, in addition to pensions administration.

STC administers over £4bn in assets and has 65,000 members across 49 employers in the higher education sector. It is responsible for collecting the money members and employers pay into SAUL, managing where that money is invested, and making sure the right pension goes to the right person at the right time.

The SAUL element of its name stems from a predecessor Superannuation Arrangements of the University of London role. As such it was part of a scheme founded in 1976 to provide pensions for non-academic staff at the University of London. The SAUL Trustee Company (STC) became administrator of the current operation in 1993.

The focus at the organisation is to put its members at the heart of all it does, providing the best possible service, and helping people to understand the value of their benefits. The London-based not-for-profit prides itself on being a friendly and caring group with a family atmosphere.

This vision is underpinned by a strategic goal of having a fully-engaged, well-motivated and knowledgeable team. STC supports its staff in every aspect of their lives, including with mental health first aiders, an employee assistance programme helpline, and an active social committee. It is also a living wage employer.

Featured Workplace Factors

Leadership

100% of staff agreed

This organisation is run on strong values / principles

CEO Sue Applegarth and the leadership team worked hard to maintain two-way communication with all stakeholders during the pandemic, and there has been positive feedback from clients that has been shared with staff. A recent annual engagement survey showed morale has remained high throughout.

Wellbeing

88% of staff agreed

I am happy with the balance between my work and home life

The company knew that employees would miss the social side of office life so its social committee created a new wellness programme. People shared details of their exercise for a 5k challenge and STC is keeping a running total of how far everyone has travelled since lockdown.

Giving Something Back

90% of staff agreed

My organisation encourages charitable activities

STC employees undertake regular charity fundraising events throughout the year. This year people hosted a virtual coffee morning for MacMillan Cancer Support, which raised £300, and they also raised £100 for the Lord Mayor's Appeal on City Giving Day.

Benefits

Holidays

Companies offering a minimum of 26 days annual leave to all employees.

Long Service

Companies where at least 40% of the staff have worked there for more than five years.

Pensions

Companies offering a final salary scheme to all employees, or one in which the employer's contribution is at least 5%.

Private Healthcare

Companies offering private health insurance to all employees.

Women in Senior Management

At least 40% of senior managers are women.

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