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Spence & Partners Director elected new President of the Society of Pension Professionals, the influential pensions body
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Presidency to focus on practical measures to help policy makers shape the future of retirement savings
Hugh Nolan succeeds Duncan Buchanan, Partner in the London Pensions team of Hogan Lovells, who has been President since 1 June 2014 and has led the Society through a period of radical change in the pensions industry.
Hugh has been a Director at Spence & Partners since April 2016. Prior to this, Hugh was Chief Actuary at JLT Employee Benefits for two years, having held various roles after joining through JLT’s acquisition of HSBC Actuaries. Hugh began his career in pensions in 1989 and has worked for several large consulting firms, including Mercer and Aon. He is also Chair of the DC committee of the Association of Consulting Actuaries (ACA).
Hugh Nolan, SPP President-Elect commented: “I would like to offer my sincere thanks to outgoing President Duncan Buchanan for his outstanding contribution, hard work and commitment to the society over the past two years. He has been a steady hand at such a time of change in the retirement saving industry and has made sure that the SPP has remained at the heart of the debate.
“As an industry it is imperative that we make the current environment for retirement saving as successful as possible, offering practical expertise to help policy makers shape the future environment. In this regard, I will be looking to build on the valuable contribution that Duncan has made during his Presidency.
“Over the past years the pensions industry has undergone a period of remarkable change. Auto-enrolment and Freedom and Choice have been successful so far, but the journey continues. There are pressing issues left to be resolved, such as the need to encourage adequate retirement saving, the unsustainability of DB pensions, the advice gap for those with small pension funds, pension frauds prevention, financial education and the list goes on.”
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