The Pensions Trust, one of the leading occupational pension funds in the UK for the third sector, today announces changes to its Trustee Board.
The Pensions Trust welcomes Richard Stroud and Terence Prideaux to its Trustee Board. Richard Stroud, who has been elected as a Member Nominated Director has worked in the pensions industry for over forty years and is a Fellow of the Pensions Management Institute. Previously, Richard was responsible for administering two large pension funds until 2007. Richard is also an independent trustee of a commercial pension fund. Richard takes office from 1 July 2013, replacing Catherine Howarth, who stood down as a Director on 30 June 2013.
Terence Prideaux also joins the Board as an Employer Nominated Director. Terence was previously director of Charles Taylor Investment Management and responsible for asset allocation and management of global portfolios of insurance companies. Prior to this for ten years he held the role of Senior Vice President of Zurich Investment Management. Terence is a member of the Trustee Group of the Pensions Management Institute and Chartered Financial Analysts’ Group.
In addition, Sarah Smart will be continuing in her role as Independent Chair, and Clare Smith has been re-elected as Deputy Chair.
Stephen Nichols, Chief Executive of The Pensions Trust, said: “Richard and Terence will both be great additions to The Pensions Trust’s Trustee Board and the support they will provide the Board of Directors in driving the business forward will be invaluable. Richard and Terence will be working alongside our existing Trustee Board members to ensure we are continuing to provide the best possible pension solutions for the charitable and voluntary sectors. Additionally, we are sad to see the departure of Douglas Keir, Frances Richardson, Mary Doddridge and Catherine Howarth, and would like to thank them for their contributions.”
Richard Stroud said: “I am very much looking forward to returning to The Pensions Trust as Member Nominated Director on its Trustee Board. I am pleased to be working with The Pensions Trust to help develop its business strategy to ensure it is continuing to provide the best possible expertise for employers and members.”
Terence Prideaux said: “I am excited to join The Pensions Trust’s Trustee Board as an Employer Nominated Director. The continued environment of economic uncertainty presents a huge challenge for all pension schemes and I am very much looking forward to supporting the implementation of the Trust’s business strategy to provide the best solutions for employers and members.”
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