(Top row left to right): L&G’s Lesley-Ann Morgan; Sackers’ Owen Clarridge and Broadstone’s Adam Bexson. (Bottom row left to right) M&G’s Andrew Reid; Barnett Waddingham’s David Barnett and PIC’s Dom Veney.
This week’s movers include those at Sackers, Pension Insurance Corporation and Legal & General.
Sackers appoints associate
20 November
Sackers has appointed Owen Clarridge as associate.
Clarridge has experience advising on risk transfer projects, member cases and corporate transactions, joining from Slaughter and May, where he qualified.
In his new role, he will advise defined benefit and defined contribution trustees and employers.
Senior partner David Saunders said: "We are committed to ensuring our clients receive the highest quality advice and service by maintaining strong, well-balanced teams. Owen's arrival further strengthens our resources, bringing expertise that will enhance the support we provide to clients."
Jasmine Urquhart
PIC appoints interim CEO
20 November
Pension Insurance Corporation (PIC) has appointed Dom Veney as interim chief executive (CEO).
Veney joined the organisation in 2018 as chief actuary and has been chief financial officer since 2021, with experience leading large teams and dealing with "complex regulatory and market environments".
He has three decades' experience in life insurance including experience as partner at PwC, where he led the UK life actuarial practice.
Veney will take over the role from current CEO Tracy Blackwell, who will be retiring next month.
His appointment follows a formal search which began in February, with consideration of internal and external candidates and follows the acquisition of PIC by Athora, which is expected to finalise next year.
PIC chair David Weymouth said: "When Tracy announced her retirement at the start of the year, we agreed that she would remain in place until the end of the year to help oversee an orderly transition. I have therefore agreed with Tracy that she can retire from PIC in line with our original plan. I am confident that Dom's experience, integrity, and deep understanding of our business will ensure continuity and continued success for PIC.
"Tracy has had a long and distinguished career at PIC, and in the wider insurance and pension industry, and we are very grateful for her significant contribution. Tracy will leave PIC in a strong position as it enters the next phase of its growth."
Blackwell added: "I couldn't be prouder to have helped found PIC 20 years ago and then lead the company for the past ten years. I look forward to seeing the company continue to thrive under Dom's leadership as interim CEO as we move towards the completion of the acquisition by Athora. I am now looking at the next phase of my career, which includes potential exciting new ventures, which I will focus on in the new year."
Jasmine Urquhart
Senior leadership appointments at L&G
19 November
Legal & General (L&G) has expanded its leadership team with the appointments of Emma Holden as chief people officer and Andy Sinclair as chief strategy and investor relations officer.
Holden currently serves as chief people officer at Man Group and brings nearly two decades of experience in senior people leadership roles with a focus on talent, culture and inclusion. Prior to this, she spent 17 years at Schroders where she held several positions across HR, communications and investor relations.
In her new role, she will lead on people strategy and will work to develop L&G's capabilities and culture to support its growth. She will also be a member of L&G's group management committee.
Sinclair is currently managing director and head of the European insurance team at Bank of America Securities and brings nearly 20 years' experience across the insurance and finance sectors.
In his new role, he will further develop L&G's strategic and investor relations capabilities and focus on long-term performance.
Holden and Sinclair will both report to chief executive António Simões and will take up their new roles at the end of January 2026.
Simões said: "We are making strong progress towards our vision for a growing, simpler and better-connected business. These appointments will play an important role in driving and executing the next phase of our strategy.
"Emma is an outstanding leader with deep expertise in talent development and large-scale transformation. Her appointment will ensure we have the right capabilities and culture to support our growth. Andy brings a wealth of knowledge of the insurance sector and long-standing relationships across the investment community. Together they strengthen our leadership team and will help us deliver on our strategic ambitions."
Holden commented: "I am delighted to be joining L&G at such an exciting time for the business. I have been hugely impressed by the people I've met, and by the company's purpose-driven culture. I look forward to working with António and the wider team to help shape the next stage of L&G's growth."
Sinclair added: "I'm very pleased to join L&G - a business I've followed closely for many years and greatly admire. L&G has a strong execution track record and meaningful long-term purpose. I look forward to working with António, Andrew [Kail] and colleagues across the group to help build on our strengths."
Martin Richmond
M&G appoints Andrew Reid as head of UK institutional distribution
19 November
M&G Investments has appointed Andrew Reid as head of UK institutional distribution.
Reid will lead M&G's distribution team engaging with defined benefit (DB) and defined contribution (DC) pension schemes, Local Government Pensions Scheme funds and UK consultancies.
Reid joins from Blackrock where he was head of its UK DB relationship management team, leading a team of relationship managers overseeing the firm's UK DB clients.
He has more than two decades of experience across actuarial consulting, strategic client management and product development – having previously held senior roles at firms including Insight Investment, Deutsche Bank, Credit Suisse and Watson Wyatt (now WTW).
He will join M&G in February 2026 and succeeds Grant Hadland. Reid will report to M&G global head of client group Neil Godfrey.
Commenting on the appointment, Godfrey said: "We look forward to welcoming Andrew to M&G. His leadership and client-focused experience will continue to drive our ambition to be the active manager of choice for institutional clients in our home market.
"Andrew's appointment is aligned with our strategic priority to expand our institutional distribution capability to bring our investment expertise to a broader range of clients. I would like to thank Grant for his significant contribution to M&G and wish him the best for the future."
Reid added: "The strength of M&G's distribution, investment capability and the alignment between the asset manager and asset owner are a powerful foundation for success. These qualities will enable us to navigate the evolving DB and DC landscape with confidence, delivering solutions that meet the changing needs of institutional clients. I look forward to joining the business at such an exciting time."
Jonathan Stapleton
Broadstone appoints senior DC consultant
17 November
Broadstone has appointed Adam Bexson as a senior consultant in its defined contribution (DC) team.
Bexson has around two decades' experience in DC, including on delivery of governance oversight and engagement. He joins from Verlingue where he was senior corporate pensions consultant, and prior to this he held roles at Barnett Waddingham, Brooks McDonald and Alexander Forbes.
In his new role, he will help deliver strategies to improve outcomes for employers and employees, and work on new partnerships with clients within employee benefits consulting.
Broadstone head of DC workplace savings Damon Hopkins said: "Adam brings specialist DC capabilities which will support our division's ambitious growth plans as we continue to deliver our high-quality independent DC proposition to employers and trustees."
Bexson added: "I join Broadstone at a time of significant regulatory, legislative and fiscal change within the pensions market. As we look ahead to the Budget later this month, and the uncertainty it brings, it is clear that there is strong demand from employers and employees for clear, actionable and expert advice to support their long-term pension and benefit decision-making. I look forward to achieving this as part of a growing and innovative organisation and am excited to contribute to its ongoing success."
Jasmine Urquhart
L&G appoints global head of DC
17 November
Legal & General (L&G) has appointed Lesley-Ann Morgan as global head of defined contribution (DC).
Morgan has three decades' experience in consultancy and investment insight, joining from Schroders where she worked since 2011 including as global head of pensions and retirement. Prior to this she worked at Towers Watson as investment consultant and partner for 18 years, advising large schemes.
In the newly created role, Morgan will lead the DC distribution team at L&G and develop its client and commercial strategy, partnering with regional client teams to share insights and generate more opportunities in the market.
Morgan will report to chief client officer, asset management Sarah Aitken, while head of UK DC distribution Jayesh Patel will report to her.
Morgan said: "I'm thrilled to be joining L&G at such a pivotal time for the business and the wider pensions industry. There is clear long-term growth in DC pension savings and I'm excited to help deliver the innovative solutions that are needed to meet the evolving needs of clients. The scale of the opportunity to support millions of savers globally is immense, and I look forward to working with the team to further strengthen our client proposition and expand into new markets."
Aitken added: "Lesley-Ann's appointment marks an exciting step forward in our ambition to grow and evolve our DC business. Her deep understanding of the pensions landscape, combined with her proven leadership in client strategy and innovation, will be instrumental as we continue to expand our reach and enhance our offering."
Jasmine Urquhart
Barnett Waddingham appoints head of corporate sole trustee
17 November
Barnett Waddingham has appointed David Barnett as head of corporate sole trustee.
Barnett has experience as a professional sole trustee, and has worked at Barnett Waddingham for four years in investment consultant roles, as well as previously holding roles at WTW and PwC.
In his new role, he will oversee the specialist sole trustee team working on proposition and leading the strategic approach on decision-making, regulation and scheme performance.
Barnett Waddingham managing partner, pensions and investment services Alex Pocock said: "The landscape of trusteeship continues to shift, and corporate sole trusteeship is set to define the direction of pension scheme trusteeship over the coming decade. As our integration with Howden continues, we want to work with our trustee partners to deliver the best outcomes for our mutual clients and the industry more widely. I'm pleased to confirm David Barnett in this new role; his experience and close links to the professional trustee market make him a natural fit."
Barnett added: "With around a quarter of all pension schemes operating under a corporate sole trustee model, and with this only expected to grow, I'm delighted to lead our approach and proposition in this important area. Corporate sole trusteeship offers the opportunity to improve decision-making efficiency and enhance expertise, and I look forward to working in partnership with the industry to further develop best practice."
Jasmine Urquhart
