The Pensions and Lifetime Savings Association (PLSA) has announced the new chairs for its defined benefit (DB) and defined contribution (DC) councils, effective from October.
Royal Mail Pensions Trustees chief executive Chris Hogg has been elected to replace Frank Johnson as chairman of the DB council.
Royal Bank of Scotland head of pensions, policy and products, Carol Young, will become chairwoman of the DC council, replacing Richard Butcher who will become chairman of the trade body on 20 October at the PLSA's Annual Conference 2017.
The councils are responsible for representing the wider interests of the PLSA's 1,300 fund members and 400 business members, as well as helping the group to develop policy positions on relevant topics.
Hogg said: "DB pension schemes have over £1.5trn worth of assets under management and provide millions of people with a secure income in retirement. I am therefore extremely pleased to be appointed to chair the PLSA's DB council and to help shape the policy work that the organisation undertakes on behalf of these funds. I look forward to engaging with members and representing their views going forward."
Young added: "The PLSA undertakes a huge amount of valuable advocacy work for the pensions industry and I am delighted to have been appointed to chair the DC council. At a time when increasing numbers of people are looking to automatic enrolment to provide them with a better standard of living in retirement, it is vital that we continue to work to create an environment where this is not only possible but encouraged. I look forward to working with the wider PLSA membership to help achieve this."
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.
The government has confirmed the current interim chairwoman of The Pensions Ombudsman (TPO), Caroline Rookes, will continue the role in a permanent capacity.
This week’s top stories included further support for an overhaul of the pension tax regime, while the Treasury confirmed the Retail Prices Index will be reformed by 2030.