Universities Superannuation Scheme (USS) has appointed University of Warwick Pension Fund's chairman of trustees Professor Stuart Palmer to its trustee board.
Palmer, whose appointment by Universities UK is effective as of 1 April, is also chairman of Council at Cardiff University.
He replaces David McDonnell who stepped down at the end of his term at the end of March after being a member of the board since 2007.
Chair of the USS trustee board Professor Sir David Eastwood said: "I am delighted to welcome Professor Stuart Palmer to the trustee board. Mr Palmer has had a long career in the Higher Education sector, he is an experienced pension scheme trustee and understands the importance of USS as part of a good quality employee benefits offer."
He said Palmer joins the board at an important time for the scheme which has introduced the USS retirement income builder, a career revalued benefits (CRB) pension for all members.
Later this year it will introduce a new defined contribution section to be called the USS investment builder.
"This new hybrid structure provides our members with a way to save for their retirement which has been tailored to their needs and meets employers' requirements."
Commenting on his appointment, Palmer said: "I am pleased to join the USS trustee board; it is a significant responsibility contributing to the stewardship of a £49bn scheme and providing for the retirements of more than 300,000 members.
"Given its scale, and the breadth of its internal expertise, USS is uniquely placed to develop retirement saving options which are valued by employers and members alike."
Eastwood thanked McDonnell for his nine years as a director of the trustee board and for his service on the committees for audit, investment, and remuneration. McDonnell had also chaired the governance and nominations committee since 2014.
Palmer is honorary secretary of the Institute of Physics and sits on the board of the Mercia Seed Corn Fund. He has previously served as a trustee of the Cardiff University Pension Fund and was previously deputy vice-chancellor of the University of Warwick.
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