The Pensions and Lifetime Savings Association (PLSA) has today announced that new chairs for its Defined Benefit (DB) and Defined Contribution (DC) Councils have been elected.
Chris Hogg (Chief Executive of Royal Mail Pensions Trustees) will replace Frank Johnson (Non-Executive Director) as Chair of the DB Council and Carol Young (Head of Pensions, Policy and Products at Royal Bank of Scotland) will replace Richard Butcher (Managing Director of PTL) as DC Council Chair.
The Councils are responsible for representing the wider interests of the organisations 1,300 fund members and 400 business members as well as helping the PLSA to develop policy positions on relevant topics. The new chairs will take up office from 20 October 2017 at the PLSA’s Annual Conference and Exhibition.
Chris Hogg (New Chair of the DB Council) said:
“DB pension schemes have over £1.5 trillion worth of assets under management and provide millions of people with a secure income in retirement. I am therefore extremely pleased to be appointed to chair the PLSA’s DB Council and to help shape the policy work that the organisation undertakes on behalf of these funds. I look forward to engaging with members and representing their views going forward.”
Carol Young (New Chair of the DC Council) commented:
“The PLSA undertakes a huge amount of valuable advocacy work for the pensions industry and I am delighted to have been appointed to chair the DC Council. At a time when increasing numbers of people are looking to automatic enrolment to provide them with a better standard of living in retirement, it is vital that we continue to work to create an environment where this is not only possible but encouraged. I look forward to working with the wider PLSA membership to help achieve this.”
NOTES TO EDITORS:
Lee Blackwell, Head of Media & PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073 023, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007713, E: [email protected]
ABOUT CHRIS HOGG (NEW DB COUNCIL CHAIR)
As Chief Executive of Royal Mail Pensions Trustees Limited for over four years, Chris is responsible for providing strong governance and risk management to the Trustee boards of all Royal Mail’s pension’s 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.
ABOUT CAROL YOUNG (NEW DC COUNCIL CHAIR)
Carol is Head of Pensions, Policy & Products at RBS. She leads the bank's teams responsible for 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 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 currently represents the sponsor at UK DB and DC Trustee investment committees. Carol is a CFA charterholder and has particular interest in pension investment, effective engagement and governance.
ABOUT THE PENSIONS AND LIFETIME SAVINGS ASSOCIATION
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.