The Pensions Regulator’s head of master trust authorisation Kim Brown has left the watchdog to join Legal & General Investment Management and run the L&G Mastertrust and its IGC.
Brown will act as pension scheme director for the L&G Mastertrust and Legal & General's independent governance committee (IGC), taking on responsibility for a dedicated team that supports both the trustees of the master trust and the IGC members.
She will join LGIM in February 2020 following a period of leave.
LGIM head of defined contribution Emma Douglas said: "Kim is a terrific hire, and as the L&G Mastertrust approaches £10bn of assets and nearly one million scheme members, her immense technical and supervisory knowledge will help us to keep pace with cutting-edge pension scheme developments."
Dermot Courtier, the independent chairman of the L&G Mastertrust and the Legal & General IGC, added: "We look forward to working with Kim and benefitting from her deep team skills and extensive expertise in governance, regulation and delivering ‘best in class' member outcomes. She will lead a dedicated team responsible for the day-to-day running and support of the master trust board and IGC activities."
Brown has worked at the regulator for more than 10 years, managing complex cases, implementing new legislation and leading the regulatory transactions team. Most recently she led the design and implementation of master trust authorisation.
Matt Rodda has taken over the role of shadow pensions minister from Jack Dromey following a Labour frontbench reshuffle.
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).