PTL has revealed its new board of directors that includes former Tesco group pensions director Ruston Smith, after its management buyout announced last week.
Smith joins as a non-executive chairman and until recently was Tesco group pensions and insurable risk director at Tesco, in charge of the Tesco Pension Investment and a former chairman of the Pension and Lifetime Savings Association.
He will work alongside four equity directors - Kim Nash, Colin Richardson and Alison Bostock - who replace the previous owner directors who retired following the deal.
Other directors include Richard Butcher, Steve Carrodus, David Hosford and David Archer.
Butcher said: "These individuals truly understand the objectives and challenges our clients have, that we have and that the industry has. Adding Kim, Colin and Alison to the board was a no-brainer. Their skills, experience, knowledge and judgement will be a huge asset to the board. It's great to have them on the team.
"Ruston is a highly sought after pensions professional, attracting him to join the PTL board was a real coup and we are absolutely thrilled. He has a great pedigree in pensions and of innovation and energy - both of which are also characteristics of PTL and our team.
Smith added "I'm delighted and privileged to become the non-executive chairman of PTL. I'm looking forward to being part of a highly motivated, experienced, innovative and customer focused team.
"The size and nature of our business means that we can think strategically but act nimbly - to provide first class, leading edge solutions and services to meet the challenges and needs of all our highly valued clients."
The government has confirmed the current interim chairwoman of The Pensions Ombudsman (TPO), Caroline Rookes, will continue the role in a permanent capacity.
The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
Six members of Ross Trustees’ pension trustee and support teams have been promoted into new roles.