Topic: Business Announcement

B&CE, provider of The People’s Pension, announces that former Shadow Pensions Minister, Gregg McClymont is to join the organisation as Director of Policy and External Affairs

Gregg joins B&CE from Aberdeen Standard Investments where he has been Head of Retirement for three years. Previously he was an MP, an Opposition Whip and then Shadow Minister of State for Pensions from 2011 – 2015. He was also an adviser to the Secretary of State for Health, between 2003 and 2005. His first career was as an Oxford academic.

Gregg is co-editor of two books on the design of pensions systems around the world. He plays an active role on several industry boards and committees including the FCA’s Institutional Disclosure Working Group (IDWG) and the Board of Directors of the Tax Incentivised Savings Association (TISA). Gregg is a visiting Fellow at Nuffield College, Oxford.

At B&CE, Gregg will lead the organisation’s Policy and External Affairs team, overseeing relationships with external stakeholders including policymakers, media and trade associations on money and health matters.  He will join B&CE at the end of July.

Commenting on the appointment, Patrick Heath-Lay, Chief Executive Officer of B&CE said:

“Gregg’s commitment to delivering better retirement savings outcomes for working people is well-recognised throughout the industry and in Parliament. He has been a tireless supporter of automatic enrolment and a vocal campaigner for improved pensions options for UK workers. As a not-for-profit organisation, this aligns with B&CE’s aims and values and we are thrilled to be able to benefit from his extensive policy experience and industry expertise.”

Gregg McClymont said:

“This is an exciting time to be joining B&CE. With nearly 4 million members* The People’s Pension is growing rapidly and helping to shape how the retirement savings industry can better address the needs of workers up and down the country. Large not-for-profit pension funds are the most efficient way to deliver occupational pensions at scale. I am also looking forward to supporting the organisation as it develops an occupational health solution that will improve the lives of workers by treating health equally to safety, catching symptoms of ill health in the workplace early and helping them to stay in work longer.”

*Correct as of 2 July 2018.

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B&CE, provider of The People’s Pension, has appointed Pat Billingham as a Non-Executive Director

Pat has extensive board experience and currently holds non-executive directorships at Exemplas, RenaissanceRe Syndicate Management, Huntsworth Group where she is Chair of Audit, and Aldwyck Housing Group, where she is Chair of the Group Board.

Commenting on the appointment of Pat Billingham, Babloo Ramamurthy, Chairman of B&CE, said:

“We are delighted to announce the appointment of Pat at B&CE. She has an exceptional wealth of experience to bring to our Board, having held positions at a wide range of companies in multiple sectors, particularly across both health and money.

“As we move forward, not only growing our financial business but also building our new occupational health product, her experience will be invaluable to B&CE.”

Pat will join B&CE’s Board in early July 2018 and will chair B&CE’s Group Audit and Risk Committee from January 2019.

Commenting on her new appointment, Pat said:

“I’m excited to be joining the Board of B&CE and I’m fully committed to the company’s aims of creating simple financial products to meet the needs of working people. It’s essential that customers understand what they’re buying and why they’re buying it, especially when asked to pay for something that they won’t receive for many years to come. B&CE’s aim of making the complex understandable is much needed within the sector and I will be pleased to play my part in achieving this goal.”

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The People’s Pension has appointed David Maddison to its Board of Trustees

Well-known across the pensions industry, he brings a wealth of experience from nearly thirty years at RPMI, most recently as scheme managing director, where he leads a function dedicated to supporting the Railways Pension Scheme trustee board. He is a Fellow of the Pensions Management Institute, an Associate of the Chartered Insurance Institute and a Chartered Director from the Institute of Directors.

David is also a Non-Executive Director of Health Shield Friendly Society Ltd serving as chairman of the Business Development and Investment Committee and a member of the Nomination and Remuneration and Pensions Governance Committees.

Commenting on his appointment, he said:

“I am really pleased to be joining The People’s Pension, which has had outstanding success to date with an impressive trustee board and executive team. I’m looking forward to bringing my experience and challenge to the table and to play a part in The People’s Pension’s continued development.”

David will start his role from June 1 2018.

Commenting on the appointment, Steve Delo, Chair of The People’s Pension Trustee, said:

“David is a respected figure across the pensions industry, and we are delighted that he will be joining the Trustee. His energy, expertise and experience will help ensure that we continue to provide excellent value for money for our members, putting them at the heart of everything we do.”

After reaching the end of his two-year term, Ruston Smith is stepping down from the Trustee from May 31 2018.

Commenting on the departure, Steve Delo added:

“Ruston has been a great asset to the Trustee during the past two years, and it’s been fantastic working alongside him. We wish him all the best.”

Sue Lewis, who joined the board in April 2016, has also been reappointed for a further term of two years.

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