UK - Former Sea-Land Pension Scheme member Mark Tonge is to become an OPAS adviser, despite having no formal background in pensions.
Tonge was one of the driving forces behind the campaign which led pensions regulator OPRA to appoint an independent trustee after shipping giant Maersk – the parent sponsor – decided to wind up the scheme despite being solvent.
More than 200 scheme members faced benefit cuts of more than 60% until Maersk had an 11th hour change of heart.
OPAS chief executive Malcolm McLean welcomed Tonge’s appointment and promised he would receive all the necessary training to help him in his new role.
McLean added: “Mark was one of the leading lights in the Sea-Land scheme. He has applied to be an adviser, so we are going to hold his hand a bit and let him have a go.
“He is now so involved in pensions and related issues following his experience with Maersk, he wants to keep going.”
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point