Five high profile people have been elected to the National Association of Pension Funds’ (NAPF) two main policy-making councils.
Frank Johnson and Jonathan Hunt have been elected as new members of the Defined Benefit (DB) Council, while Anne Hunt, Andy Cheseldine and Carol Young will serve on the Defined Contribution (DC) Council.
Mr Johnson is Managing Director of Investments at RPMI and boasts wide-ranging investment and pensions experience, gained over nearly a decade in senior roles with RPMI. He is responsible for advising the Rail Trustee and employers on investment governance. Mr Hunt is Director of Corporate Finance & Investment and Tri-borough Director for Treasury and Pensions for the City of Westminster, responsible for bringing together the Tri-borough team to improve resilience and provide a more streamlined relationship between all parties.
Ms Hunt is Pensions Manager at Warburtons, where she has responsibility for corporate pension strategy and supporting three Trustee Boards in the operation and management of the schemes’ investments. Mr Cheseldine has been Partner at Lane Cark & Peacock since 2010 and has over 30 years’ experience in employee benefits. His recent client work has focused on auto-enrolment, investment options, transition management, the implications of behavioural economics and wider alternatives for wealth creation. Ms Young is Head of Pensions and Human Resources at Heineken UK Limited. She leads the team at Heineken responsible for all aspects of UK pensions, including contract-based DC arrangements. Ms Young also Chairs the Company’s governance committee.
Joanne Segars, Chief Executive, NAPF, said:
“I am delighted that our vigorously contested elections resulted in such strong appointments and congratulate all five new council members. Our new joiners bring a wealth of pensions and investment experience that will be of huge benefit as we continue to work for good quality workplace pension provision.”
The UK’s leading pensions body received 13 nominations for two vacant positions on the DB Council and 23 nominations for three vacant positions on the DC Council. The overwhelming response meant that the NAPF held a ballot that closed on 17th September.
This latest news follows the announcement that Robert Brown of Towers Watson has been elected Chair of the DB Council and Lesley Williams of Whitbread Chair of the DC Council.
All new council members take up their new positions at the NAPF Annual General Meeting on 18 October 2013.
Last year, the NAPF decided to revamp its two main policy-making councils by replacing the Retirement Policy Council and Investment Policy Council with DB Council and DC Council respectively, to better reflect the pensions industry and create a clearer focus on defined contribution (DC) pensions in its policy work.
Each council will be made up of 15 members who each have a three-year term of service. They will meet five times a year to debate key issues and help steer NAPF’s representational work to Government. Both councils develop and agree policies on behalf of the NAPF’s 1,300 member pension schemes, which hold around £900bn of assets.
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