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NAPF CONFERENCE 2008 - Drake named as acting PADA chairman
Professional Pensions | 09 Oct 2008 | 10:56
Categories: Appointments
Jeannie Drake has been named as the acting chairman of the Personal Accounts Delivery Authority.
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Work and pensions secretary James Purnell made the announcement at the National Association of Pension Funds annual conference this morning.
She is a non-executive director of PADA and takes over the chairmanship from Paul Myners who stepped down to become city minister last week.
Drake was previously the deputy general secretary of the Communications Workers Union. Prior to this, she was deputy general secretary of the National Communication Union.
She also a director of the Pension Protection Fund.
Purnell said: "I am delighted to announce that Jeannie Drake has agreed to be Acting Chair ensuring that the important work of the Personal Accounts Delivery Authority can continue.
"She brings a wealth of experience to the role both in public and private pensions, and will continue the great work that Paul Myners started, in helping us to deliver personal accounts, and give millions of people the opportunity to save for their retirement.
"It was important that we were able to appoint an acting chair quickly so as not to lose any of the momentum we have built up over the last year, and I know Jeannie will carry that on over the coming months."
Drake said: "I am very pleased to be appointed acting chairman. The challenge facing the authority as it moves towards delivery is significant, but millions of people stand to benefit from the successful introduction of personal accounts. I look forward to continuing to work with the board, and everyone at the delivery authority, to help drive this important agenda forward."
PADA chief executive Tim Jones added: "I am delighted that Jeannie Drake has agreed to be the delivery authorities acting chair. She brings a wealth of understanding and continuity to the post."
Categories: Appointments
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