SPP names Nolan as president
The Society of Pension Professionals (SPP) has elected Hugh Nolan as president effective from 1 June, succeeding Duncan Buchanan who is stepping down.
Nolan (pictured above) is an actuary and director at Spence & Partners where he joined in March after spending many years at JLT.
He will take over from Buchanan who has been president since 1 June 2014 and led the SPP during a period of radical change.
Buchanan is a partner in the London pensions team at Hogan Lovells.
Nolan thanked Buchanan for his service and added: "As an industry it is imperative that we make the current environment for retirement saving as successful as possible, offering practical expertise to help policy makers shape the future environment. In this regard, I will be looking to build on the valuable contribution that Duncan has made during his presidency."
While the industry has been through enormous change through auto-enrolment combined with freedom and choice, there are still many challenges to grapple with, he said. "There are pressing issues left to be resolved, such as the need to encourage adequate retirement saving, the unsustainability of defined benefit pensions, the advice gap for those with small pension funds, pension fraud prevention, financial education and the list goes on," Nolan continued.
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