Provider of The People’s Pension announces appointment

B&CE, provider of The People’s Pension1, has appointed a new Investment Managing Director to bolster its Investment Business Unit and enable the continued growth in scale and breadth of B&CE’s funds under management.

Jon Cunliffe, who has over 30 years’ experience in the finance industry will join B&CE in October. He joins from his role as Chief Investment Officer at wealth managers, Charles Stanley, with previous roles at Tesco Pension Investment, Aberdeen Asset Management and Bank of England.

Commenting on his appointment, he said:

“B&CE has an unrivalled reputation for providing first class workplace pensions solutions, which have provided good risk adjusted returns at a really competitive price.  Elsewhere, the support and customer service that clients receive are a cornerstone of its impressive growth trajectory. 

“After more than 30 years working in financial services, the opportunity to work for a fast growing, not for profit organisation, where there is a clear alignment of the interests of all stakeholders, is too good an opportunity to turn down.  I can’t wait to begin working with the team to establish B&CE’s position as the leading provider of workplace pensions.”

The People’s Pension, administered by B&CE, is the largest, independent master trust in the UK.

The new Managing Director for Investments will be responsible for the overall performance of the Investment Business Unit, working alongside the Chief Investment Officer who will retain responsibility for client investment strategy.

Welcoming the new hire, B&CE CEO Patrick Heath-Lay, said:

“It’s fantastic that Jon will be joining us. The growth of our investment activities, on behalf of our members, will be significant over the coming years and with the addition of Jon’s wealth of experience, these activities will continue to go from strength to strength.”