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      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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  • Appointments

Railways Pension Scheme chief quits to join AIG Life

Railways Pension Scheme chief quits to join AIG Life
  • PP Online
  • 12 December 2018
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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.

Related articles

  • Most savers unaware of how their pension scheme is tackling climate change
  • World's largest pension markets show Covid resilience; UK drops to third place
  • Consolidating DC schemes urged to act before 'capacity crunch'
  • Investment management 'not fit for purpose' in delivering sustainable wealth creation

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."

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More on Appointments

People Moves Blog: Aviva expands infrastructure equity team with two hires; DAM joins industry body GRiD

  • Appointments
  • 17 February 2021
Andrew Warwick-Thompson is one of three new executives appointed.
Cushon names three new trustee executives

Dianne Day and Andrew Warwick-Thompson have been appointed as independent directors at workplace savings business Cushon.

  • Appointments
  • 08 February 2021
Local Pensions Partnership (LPP) chairman Michael O’Higgins will step down from his position in summer following a restructure.
Michael O'Higgins to step down as Local Pensions Partnership chairman

Local Pensions Partnership (LPP) chairman Michael O’Higgins will step down from his position in summer following a restructure.

  • Appointments
  • 28 January 2021
JP Morgan's Sorca Kelly-Scholte is among the new board members.
PLSA unveils six policy board appointments

The Pensions and Lifetime Savings Association (PLSA) has appointed six members to its policy board as it lays down a defined benefit (DB) funding-centric priority list for 2021.

  • Appointments
  • 26 January 2021
Rodda, the MP for Reading East, has become the shadow pensions minister. Source: UK Parliament
Rodda takes over from Dromey as shadow pensions minister

Matt Rodda has taken over the role of shadow pensions minister from Jack Dromey following a Labour frontbench reshuffle.

  • Appointments
  • 08 January 2021
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