UK - Railways Pension Trustee Company CEO Chris Hitchen has been named the new NAPF chairman, replacing Robin Ellison who will step down in May.
Hitchen, who has served previously as chairman for the National Association of Pension Funds (NAPF) Investment Council, is expected to hold the position for a period of two years.
Hitchen said pensions reform in the UK was at "a critical stage", and stressed it was more important than ever the NAPF brought its knowledge and expertise to bear.
"We need to ensure that retirement provision is deepened, not just widened, and that the fantastic value for money and good governance of the best occupational pension scheme are built into the savings structures of the future," said Hitchen.
He will continue in his role as head of the £18bn Railways Pension Trustee Company, which runs the industry-wide pension arrangements for the UK’s railways.
Ellison, a pensions lawyer, will step down as NAPF chairman at the organisation's annual conference in May, having concluded his two year tenure.
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