Capital Cranfield has appointed former Aon senior partner Kevin Wesbroom as a professional trustee.
Wesbroom - who retired from Aon last month following 44 years at the firm - has worked in a variety of roles during his career and was responsible for, among other things, the launch of Bacon & Woodrow's defined contribution (DC) service and the establishment of the firm's global risk services offering.
In more recent years, Wesbroom has been heavily involved in the development of collective DC schemes - acting as lead adviser to Royal Mail on the implementation of CDC and helping build the legislative framework with the Department for Work and Pensions and HM Treasury. He has also been a member of the Pensions and Lifetime Savings Association's defined benefit taskforce and involved with the pensions dashboard project.
Commenting on his appointment to Capital Cranfield, managing director Neil McPherson said "Kevin is well known as one of the country's leading pensions experts and we are delighted that he has decided to join Capital Cranfield. As anyone who has attended industry conferences knows, Kevin is an accomplished communicator who marries his deep technical understanding with an engaging and thought provoking style. He is an excellent addition to our team."
Capital Cranfield was established in 1992 and now has 41 professional trustees based across the UK serving more than 300 clients.
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter