DWP appoints Joanne Segars as Pension Protection Fund chair

Segars brings nearly 40 years of executive and non-executive experience in UK pensions and financial services and is currently chair of trustees at Now Pensions and chair of the independent governance committee at L&G.

She was formerly chief executive of the Pensions and Lifetime Savings Association – the body now known as Pensions UK – and also held senior roles at the Association of British Insurers.

Segars will succeed Kate Jones, who has been on the PPF board since 2016 and held the post of chair since July 2021.

In her capacity as chair, Segars is entitled to an annual remuneration of £73,840, reflecting a time commitment of two days per week.

Minister for pensions Torsten Bell said: "Joanne Segars brings a wealth of experience and expertise to this role at a pivotal moment for the PPF as we undertake the biggest pension reform in a generation.

"I look forward to working with her to ensure the PPF continues to deliver for the millions of people who depend on it, and to protect the retirement savings of workers across the UK."

He added: "I would also like to thank Kate Jones for her public service, she has given the PPF outstanding leadership in recent years and I wish her well for the future."

Segars added: "I am delighted to be appointed as chair of the PPF. The organisation plays a vital role in protecting members of defined benefit pension schemes, and I look forward to working with the board, chief executive, executive team and PPF colleagues to support the organisation as it continues to develop and evolve in the long-term interests of those it serves.

"With the PPF's strong foundations and clear sense of purpose, I am committed to ensuring we continue to deliver for members, strengthen long-term resilience, and help shape the future of the pensions landscape."