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The People’s Pension appoints two new trustee directors to increase its employer and member focus
The Trustee of The People’s Pension has announced that it has appointed two new Trustee Directors to join the Trustee Board of The People’s Pension; Ruston Smith and Sue Lewis.
The appointments, which take effect from 1 April 2016, follow an open recruitment process and brings the number of Trustee Directors to five. The two new trustees join Steve Delo, Alan Pickering and Andrew Cheeseman on the Trustee Board of the scheme, which now has almost two million members.
Ruston Smith is a Director at Tesco. As well as looking after Tesco’s 350,000 members, over £10 billion in assets and the group’s insurable risk, his responsibilities have also included people systems, remuneration and benefits. Ruston is a Non-Executive Director and recent past Chairman of the National Association of Pension Funds (NAPF) (now the Pensions and Lifetime Savings Association).
Sue Lewis has held a variety of senior roles in the Civil Service across a range of departments including as Head of Savings and Investments at the Treasury, with responsibility for advising Ministers across a broad range of retail financial services issues.
Ruston and Sue will have responsibility for establishing and chairing Employer and Member Panels, meeting The Pension’s Regulator’s new requirement for large multi-employer schemes to put these groups closer to the heart of their governance.
On announcing the appointments, Steve Delo, Chair of The People’s Pension Trustee, said:
“We are delighted to announce the appointments of Ruston Smith and Sue Lewis. They have a wealth of experience when it comes to pensions and will add valuable insight and experience to the trustee board.
“The challenge for large multi-employer pension schemes is making sure members and employers voices and opinions are heard. The People’s Pension will be aiming to set a governance benchmark in visibility, engagement and responsiveness. The two new trustees will drive forward this engagement.
“Successful pension provision relies on a partnership between trustees, employers and members. Members and employers will have an important voice as we continue to grow.”
Ruston Smith said:
“I’m delighted and privileged to be appointed to the highly experienced board of The People’s Pension. I was particularly drawn to The People’s Pension because of the emphasis they place on putting their employer customers and members right at the heart of everything they do – driven by their three values – one of which is to keep pensions simple for members.
“I’m looking forward to working with the board to help The People’s Pension get even closer to their employer customers and members to further improve the delivery of their excellent proposition.”
Sue Lewis said:
“I am delighted to be joining The People’s Pension. Making provision for later years is one of the most important things people can do. Even if their employer makes the decisions, it is vital that people take an interest in their pension savings so they are well placed to understand the options they have under the pension freedoms.
“The People’s Pension has a strong focus on members. I look forward to working with the team to enable members’ voices to be heard, whoever they are and wherever they are.”
Notes to editors
About B&CE/The People’s Pension
B&CE is a not-for-profit organisation – we operate for the benefit of our members and their dependants. We were founded in the construction industry back in 1942. Now we offer a workplace pension, employee accident cover, employee life cover and employee healthcare.
We currently manage assets of over £2.6 billion, with more than three million members and over 18,500 corporate accounts.
For over 30 years, B&CE has provided workplace pensions to employers large and small. We’ve operated ways to automatically enrol employees into pension saving for over ten years.
In November 2011 we announced The People’s Pension, our flexible solution to help employers to comply with their automatic enrolment duties. It’s designed for people rather than profit and is suitable for any organisation in any sector. We launched a new streamlined solution for small employers in November 2015.
The People’s Pension has won us a number of awards, including the Defaqto 5 Star Rating for auto-enrolment in 2015 and DC Provider of the Year at the UK Pensions Awards in 2014.
We tweet as @bandce and @peoplespension.