Record demand to join NAPF councils
08 August 2011
A record number of pensions industry experts and leaders have applied to join the policymaking councils at the National Association of Pension Funds (NAPF).
The NAPF has received 13 nominations for seven places on its Retirement Policy Council and 16 nominations for five spaces on its Investment Council. This is significantly greater than in previous years and is a record in the NAPF’s 88-year history.
Each council is made up of 19 members and meets around five times a year to debate key issues. They develop and agree policies on behalf of the NAPF’s 1,200 member pension schemes, which hold around £800bn of assets.
Joanne Segars, NAPF Chief Executive, said:
“This is the strongest level of interest since the NAPF first started in 1923, and it bodes well both for us and for the ongoing pensions debate.
“The NAPF has been a key shaper of recent pensions policy, and it’s encouraging to see that so many voices are keen to come on board.
“This surge in demand also reflects a wider, growing economic and political interest in pensions over the past few years.
“Whoever wins these elections, both of our councils will see a major refresh. We look forward to discussing some new ideas to help take UK pensions forward.”
The NAPF’s membership votes on the nominees and the results will be announced in the week beginning 19 September 2011.
The nominees reflect a wide mix of public and private sector pension funds covering both DB and DC members, together with business members providing key services to pension schemes. The term of service for each successful nominee is four years.
Notes to Editors:
The NAPF is the leading voice of workplace pensions in the UK. We speak for 1,200 pension schemes with some 15 million members and assets of around £800 billion. NAPF members also include over 400 businesses providing essential services to the pensions sector.
Paul Platt, Head of Media, NAPF, 020 7601 1717 or 07917 506 683, [email protected]