UK - New members on the National Association of Pension Fund investment and benefits councils will play a key role in leading debate and influencing government policy, the association claims.
Twenty-three pensions professionals stood for election in 2004 – 15 for the five available places on the investment council and eight for the two places on the benefits council.
NAPF members voted Nortel Networks UK pensions manager Diana Geneen and Linklaters head of UK and European pension groups Ruth Goldman on to the benefits council.
New members on the investment council are Electricity Supply Pension Scheme chief executive Richard Barlow, BBC Pension Scheme head of pensions and benefits Jan Killick, Mercer Investment Consulting UK head Andrew Kirton, Fidelity head of UK clients Simon Putt and Watson Wyatt head of UK and European investment Nick Watts.
NAPF chairman Terry Faulkner said the association relied heavily on the knowledge and experience of members and welcomed the high calibre of candidates in 2004.
He said: “At a time when the pensions debate has such a high profile, it is reassuring that such a range of talent is prepared to step forward and offer their time and expertise.”
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Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.