Catherine Claydon has been appointed as independent trustee at the £16bn BBC Pension Scheme, and is expected to replace chair Bill Matthews when he steps down in December after seven years.
Her appointment brings the total number of independent trustees on the scheme's board to three, and her appointment as chair is subject to the board's approval. Matthews said: "The breadth of her industry...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests