UK - British Airways' (BA) former pension chief, Jenny Rosser, has been drafted in as the National Association of Pension Funds' (NAPF) acting director general, following the resignation of David Cranston.
Rosser will takeover from Cranston in the new year. Cranston joined the NAPF 18 months ago from the Royal Bank of Scotland, and prior to that he had been head of member relations at the Personal Investment Authority.
Cranston said of his impending departure: I have thoroughly enjoyed the past 18 months with the NAPF. Pension provision in the UK has never held such a high profile, and the NAPF has played a key role in the debate. During the past 18 months we have implemented important changes to the structure of the NAPF which, I believe, leave the Association well placed to meet the challenges of the future.
Since retiring, Rosser joined the boards of both the London Pension Fund Authority and the NHS Pensions Agency. She spent 40 years working in pensions at BA, finishing as managing director of the BA pension schemes and secretary to the trustees.
NAPF chairman Peter Thompson said: I am sorry that David is leaving and am grateful for the work he has done. I am very pleased that Jenny has agreed to join the NAPF temporarily as acting director general. Her extensive experience and network of contacts in the industry will be very valuable to the Association.
By Geoffrey Ho
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.