Joanne Segars, Chief Executive of the National Association of Pension Funds (NAPF), has been elected Chair of the Shadow Local Government Pension Scheme (LGPS) Advisory Board.
She takes the role up at the Board’s first meeting on 15 July and will hold the post until the full Scheme Advisory Board for the LGPS is established in 2014.
The Shadow Board has been set up in advance of the full advisory board next year. It will advise the Government on the running of the LGPS, and will also assist schemes. The main aims of the Board and its five sub-committees are to encourage best practice, increase transparency, and coordinate technical and standards issues.
Ms Segars takes on this newly created role at a time when the Government is looking at restructuring local authority pension funds. She will remain Chief Executive of the NAPF, the UK’s leading voice of workplace pensions.
Ms Segars said:
“I am delighted and honoured to have been elected as Chair. This is a time of great change for local authority pensions, and the next few years will be critical for their future. Funds are being asked to put an even greater emphasis on finding efficiencies and maximising value for money. I look forward to working with the Board to encourage debate and help the LGPS meet its challenges.”
Brandon Lewis, Minister for Local Government, said:
“I congratulate Joanne on this appointment. She brings a wealth of knowledge and her experience in pensions will be of considerable value. With the challenges that exist among local government funds, I am confident she will help find affordable and long-term efficiencies for the LGPS.”
Notes to editors:
1. Joanne became the Chief Executive of the NAPF in October 2006 having joined the organisation in 2005 as Director of Policy. Before joining the NAPF she was Head of Pensions and Savings at the Association of British Insurers from 2001 to 2005. Joanne held the pensions brief at the Trades Union Congress for 13 years. Joanne is a founding governor of the Pensions Policy Institute and sits on its Council. She is also Chair of PensionsEurope.
2.The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,300 pension schemes with some 16 million members and assets of around £900 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.
Paul Platt, Head of Media and PR, NAPF, 020 7601 1717 or 07917 506 683, [email protected]
Aimee Savage Richards, Press Officer (interim), 020 7601 1718 or 07825 171 446, [email protected]