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Case study: John Laing Group Ltd
"How a maturing £1bn Defined Benefit scheme cut business-as-usual governance costs by 50% while improving decision-making and sponsor confidence"
The John Laing Pension Fund is a Defined Benefit fund with approximately £1bn in assets and around 7,000 members, and is closed to future accrual.
We were appointed to deliver a governance framework aligned with long-term planning and funding objectives, providing greater clarity and assurance at a critical stage in the fund’s journey.
Result: 50% reduction in business-as-usual governance costs
The challenge
- Governance overhead was out of proportion to risk
- Repeated trustee meetings occurred without clear decisions
- Costly advisers and structures were delivering diminishing value
- Limited confidence in governance alignment with long-term end-game planning
The solution
A sole trustee model was selected to:
- Simplify decision-making
- Clarify accountability
- Align cost with scheme maturity and risk
- Improve sponsor oversight and assurance
The result
We simplified the framework, reduced meetings, clarified adviser roles, and restored clear accountability, delivering faster execution and significantly lower business‑as‑usual costs.
Why Apex Group?
"Apex Pension Trustees were appointed, bringing a disciplined, pragmatic approach that strengthened decision‑making, improved engagement, and provided greater clarity and assurance.”
Jamie Christmas
CFO, John Laing Group Ltd.
Apex Pension Trustees Limited provides professional trusteeship and governance support to pension schemes and sponsors, with a disciplined and pragmatic approach focused on outcomes. We help simplify decision-making, clarify accountability, and strengthen oversight – particularly where schemes are maturing and governance needs to stay proportionate to risk.