Legal and General (L&G) has hired Kingfisher Group's head of pensions Dermot Courtier as chairman of its master trust and independent governance committee (IGC).
Courtier, who is also secretary to Kingfisher Pension Trustees, will retain his two roles alongside his responsibilities at L&G.
Since 2007, Courtier has overseen Kingfisher Pension Scheme's (KPS) de-risking programme, benefit structure and defined contribution (DC) investment funds.
Under his stewardship, the KPS grew its defined benefit (DB) assets under management (AUM) to around £3.5bn and its DC AUM to roughly £230m.
This is one of the reasons for hiring Courtier, according to L&G Investment Management (LGIM) head of DC Emma Douglas who said: "As our master trust and workplace scheme member base grows and becomes more diverse, Dermot will play a pivotal role.
"He is a highly respected practitioner and brings many years of experience working with a range of employers in different sectors. His innovative flair in the way he thinks about investments and communications will help ensure both our offering and the way we engage continue to meet members' and employers' needs."
In the past Courtier has held senior pension roles at Hachette Livre Group, Towers Perrin HR Services (now Willis Towers Watson) and Royal Mail Group.
He said: "My work overseeing the impact of pensions Freedom and Choice regulations means I can bring a valuable perspective of what employers require from their DC solutions. I look forward to helping to bring the master trust business to the next stage of its maturity, as well as ensuring members get the best value from their pension contributions."
Launched in 2011, L&G's master trust has £2.9b AUM with almost 600,000 members while the insurer's IGC oversees the schemes operated by L&G with £16.8bn AUM.
Have your say: Should trustees be held accountable for the security of data and assets in the event of a cyber attack?
In this week's Pensions Buzz, we want to know if you agree that trustees be held accountable for the security of data and assets in the event of a cyber attack.
More than four in five employers oppose the implementation of multiple pensions dashboards and any that do not include state pensions, the Association of Consulting Actuaries (ACA) says.
Half of scheme representatives agree fiduciary duty hinders trustees in addressing climate change, finds XPS
Half of scheme representatives believe the current fiduciary duty of trustees hinders them in their ability to address climate change, according to a poll by XPS Pensions Group.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.