UK - AEGON's director of pensions development Stewart Richie is to retire after 36 years with the company.
He was also chairman of the Association of Pensioneer Trustees and, in 1997, was appointed to the Pension Provision Group, an independent panel of experts established as part of the Pensions Review to analyse current and projected future pension provision in the UK.
In 2001, Richie was made a founding council member of the Pensions Policy Institute, a permanent, independent organisation recommended by the Pension Provision Group and set up to thoroughly test the long term sustainability of policy decisions.
He was also chairman of the working party responsible for introducing Statutory Money Purchase Illustrations, intended to help people with defined contribution pensions to better plan for their retirement by showing them the value of their future pension benefits in today's money.
Otto Thoresen, chief executive of AEGON UK, said: "Few people have worked as hard to improve the pensions landscape in the UK over the last 30 years as Stewart Ritchie. His insight and understanding of his field are acknowledged across the industry and he is recognised as a leading authority in pensions."
Ritchie added: "The pension challenges today are as serious as any I can remember in the last 35 years. I shall remain a very interested observer and hope to make some positive contributions to help."
Stewart will retire on 31 July 2008 but will continue to provide consultancy to AEGON.
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