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.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.