In recent years, more companies are setting up trust funds as part of their staff retirement benefits to motivate their employees as well as to retain and reduce the loss of key personnel to competitors who offer a more attractive package. To demonstrate their sincerity and commitment to these retirement schemes, many employers have appointed an independent party such as OSK Trustees to be the trustee of the funds to ensure that payments to the employees would be made in accordance with the provisions of the relevant trust deeds. OSK Trustees’s role as a trustee is to hold the funds for the benefit of the employees until their retirement from the company or upon the fulfillment of such terms under the trust deed and its duties include the general administration of the trust, investing the funds or supervising the investment agent, receiving the contributions from the employer, ensuring the proper records of investments are kept, disbursing monies due and handling tax matters pertaining to the trust.