Railways Pension Trustee Company chief executive Phil Willcock has quit the scheme after only 10 months to take up a position as head of AIG UK Life.
The Railways Pension Trustee Company - which runs the railway pension schemes through its subsidiaries RPMI and RPMI Railpen - said the process of appointing a new chief executive would now begin, supported by RPMI chairman Babloo Ramamurthy.
Willcock had begun work at RPMI at the begining of this year - joining from Aviva, where he had been, most recently, chief executive of Aviva Italy.
Commentating on Willcock's departure, Ramamurthy said: "We will be seeking to recruit a high calibre successor who will help deliver RPMI's mission of paying members' pensions securely, affordably and sustainably and provide support to the trustee of the Railways Pension Scheme."
Richard Butcher is set to spend another year as Pensions and Lifetime Savings Association (PLSA) chair as the trade body proposes his term is extended to autumn 2021.
PP looks at the pensions great and good who oversee contract-based schemes
EY has appointed Gareth Mee as UK actuarial leader to head up an expanded interdisciplinary team at the firm.
The Scottish Widows Master Trust board has completed its line-up with the appointment of Cheryl Black.