Pensions and Lifetime Savings Association > About us > Our governance > Our Board


Our board is responsible for the governance, strategic direction and financial stewardship of the Association. 

Reporting to the Board are two councils: The DB Council and DC Council. These are the Association's main policy-making bodies.

Richard Butcher
Chair, Pensions and Lifetime Savings Association

Richard is Managing Director of PTL, an award winning Professional Independent Trustee and NED specializing in pension schemes and all of the functions around them including strategy and investment. He can be found on corporate boards, trustee boards, independent governance committees and a number of other advisory boards. 

Directly and indirectly an active contributor to the debate on efficient pensions, investment and good governance. Richard is a Fellow of the Pensions Management Institute and until 2017 sat on their Council.

Mark Cooke
Director of Finance & Corporate Services

Mark Cooke is a graduate of the University of Warwick. He qualified as a Chartered Accountant in 1983 with Thomson McLintock, a predecessor firm of KPMG. He has over 30 years’ experience of financial, commercial and corporate services management across the private, public and third sectors including ten years’ as Director of Finance and Corporate Services at Big Lottery Fund, four years as Finance and Commercial Director at the British Printing Industry Federation and six years as Deputy Finance Director of Which? – the leading consumer organisation and publisher.

John Dembitz

John A. Dembitz has a portfolio of Chairmanships, Independent Directorships and on-going consultancy mandates.

John has a BSc Hons from Manchester University and an MBA from London Business School, where he is also a member of the Global Advisory Council.

He has authored two books ‘It’s the People! What really drives great management and leadership’ and ‘The 2x2 Manager’.

Born in Budapest, lives in Wimbledon, UK, with his wife, has two grown-up children, and twin granddaughters.

Jamie Fiveash
B&CE Benefit Schemes
DC Council

Jamie is Chief Operating Officer for B&CE, provider of The People’s Pension.  He has responsibility for  Operations, IT, Strategic Delivery and Policy & Market Engagement for the B&CE Group whilst also holding posts as Executive Director of B&CE Financial Services Limited and B&CE Insurance Limited. 

Jamie is passionate about improving pension provision for low-to-moderate earners and the change that Auto Enrolment will bring about.  He played an integral role in the design and creation of The People’s Pension, a forward-thinking response to the Government’s Auto Enrolment challenge of October 2011. 

Jamie is a Fellow of the Association of Chartered Certified Accountants with over 24 years’ financial services experience having joined B&CE in 1994 from Barclays Bank Plc.

Chris Hogg FFA
Royal Mail Pensions Trustees
Chair, DB Council

As Chief Executive of Royal Mail Pensions Trustees Limited since 2013, Chris is responsible for providing strong governance  and risk management to the Trustee boards of all Royal Mail’s pensions arrangements across three well established plans with an AUM of around £10bn. 

Chris joined Royal Mail Pension Trustees in 2009 focusing on the transfer of assets to Government, Funding Strategy development and Risk Management solutions and is a member of the PLSA DB Council.

Chris is an actuary and previously worked for KPMG and Aon.

Frank Johnson
DB Council

Frank joined RPMI Railpen Investments in 2004 as Finance Director and became Managing Director, Investments in 2009, supporting the Trustee of the multi-employer rail industry pension schemes.  He oversaw the investment business streams of RPMI and Railpen Investments, with assets under management of some £20 billion, until his retirement from RPMI in 2015.

Frank is an independent non-executive director at First State Investments, UK and at GO Investment Partners.  He is also a non-executive director of the Pensions and Lifetime Savings Association and Chairman of the Association’s Defined Benefit Council.  He also sits on the board of the Railway Benefit Fund, a registered charity.

Frank is a chartered accountant and holds a Commerce degree.  Before joining RPMI, Frank held a number of finance director posts in the transport sector.

Julian Mund
Chief Executive

Julian joined the Pensions and Lifetime Savings Association as Commercial Services Director at the end of September 2013. 

Prior to this he worked at the Chartered Institute of Public Finance and Accountancy (CIPFA) for almost 16 years. Most recently Julian was CIPFA’s Director of Markets and Product Development where he led CIPFA’s business development, sales and customer service teams. He also led on business growth and strategic development across CIPFA's commercial business. Prior to this Julian was Director of Operations at CIPFA and headed up the delivery of their commercial services which included events, training, publications, recruitment services, benchmarking, and consultancy.

Julian worked at the Department for Education before joining CIPFA.

Julian has a BSc in Mathematics and Computer Science from the University of London and an MSc in Policy Research from the University of Bristol.

He is a Fellow of the Royal Statistical Society and a Member of the Institute of Directors.

Graham Vidler
Director of External Affairs

Graham has worked in pensions for almost twenty years, joining the Pensions and Lifetime Savings Association as Director of External Affairs in 2014.

Before joining Graham had been NEST’s Director of Communications and Engagement for six years. Previously, he had worked in marketing, policy and research roles at AVIVA, Which?, the ABI and the House of Commons.

Graham has a degree in Geography and Sociology from the University of Kent.

Lesley Williams

Immediate Past Chair

Lesley Williams is Group Pensions Director at Whitbread, with responsibility for Corporate pensions strategy and to the Trustee Company for the operation of the Pension Fund and its investments. The Whitbread pension fund has a closed DB and open DC section. Lesley has worked in the pensions industry for over 20 years, with previous positions in Gateway Foodmarkets, Abbey National, the Pearl Group and Head of Pensions with the Henderson Group.

She is an Associate of the PMI and has an MBA. She became Chairwoman of the Pensions and Lifetime Savings Association in October 2015.

Carol Young
Royal Bank of Scotland

Chair, DC Council

 Carol is Director of Reward, Pensions & Benefits at RBS. She leads the teams responsible for all aspects of remuneration across the bank, the flexible benefits programme for over 60,000 colleagues and DB and DC pension arrangements for over 300,000 members (c£45bn liabilities) worldwide. 

She is chair of the Pension and Lifetime Savings Association’s DC Council, chairs the CBI pension panel and is a governor of the Pensions Policy Institute. Carol’s career spans 20 years across in house and consulting roles and includes a decade as an investment consultant. 

She has served as independent trustee on a number of boards, and is a trustee of the bank’s UK DC scheme. Carol is a CFA charterholder and has particular interest in pension investment, effective engagement and governance.