UK - Five industry experts have been shortlisted for this year's Pensions Management Institute council elections.
Three positions are open on the 2004 council – responsible for formulating PMI policy and raising standards within the industry – with voting papers to be returned by May 28.
All five candidates are PMI fellows – status which is only awarded to those who have extensive experience in the pensions arena at a senior level.
Standing for election for the first time are Norwich Union Life programme manager Paul Butcher, Mercer Human Resource Consulting senior consultant and European partner Amanda Cullen and KPMG people services director Lorraine Harper.
Current council members standing for re-election are SAUL Trustee Company chief executive Penny Green and Veolia Environment head of international pensions Michael Sullivan.
PMI president Roger Cobley welcomed the high calibre of candidates seeking to be actively involved in the future of the institute. He said: “Council members are responsible for formulating PMI policy and directing how the institute will develop over the coming years. This is an increasingly important role given the current pace of change in pensions provision.”
The PMI council is made up of 16 elected fellows, with each council member elected to serve for three years and able to sit for two consecutive terms.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.