PQM STandards Committee
• Andy Cheseldine (Chair)
Andy joined Capital Cranfield Trustees in 2017. He is Chair or Trustee at a number of pension schemes ranging from a 17 deferred member DB scheme to a 500k member DC Workplace Pension. Before that, Andy acted as adviser to trustees and employers at Watson Wyatt, Hewitt Bacon & Woodrow and latterly as a partner at LCP. Andy has a long record of advising on regulatory, governance, change management, investment (particularly asset security), provider selection and communication issues. He sits on PASA's DC Governance Group and the Asset Security in DC Working Group. He was elected to the DC Council of the PLSA in 2013 and re-elected in 2016 till its winding up in 2018.
• Ian McKinlay
Ian is the CIO of the Lloyds Banking Group staff pensions schemes, for £45bn across several large DB and DC schemes.In the last three years he has reformed the investment strategies and governance arrangements for the schemes, creating an in-house fiduciary CIO. Legacy arrangements were complex and expensive. Strategies have converged, risk management transformed, return seeking assets precision based. 2018 saw the largest asset transition in UK DC pensions, member outcomes were enhanced as a result.Including the 'outs and the 'ins', the number of mandates across the £45bn has halved. Costs, including fund management, have been cut by a third. The ESG 'footprint' is now front and centre of thinking, particularly climate risk. This has been enabled through dynamic decision making within the CIO team, within a robust framework of oversight.Ian was previously the CIO at the UK Pension Protection Fund and then at Aviva Staff Pensions, during his tenure these schemes won awards for innovation in strategy, risk management and governance.
• Rachel Neill
Rachel has built her career in financial services where she started in asset management in the Channel Islands. She then moved into institutional and investment banking at some of the larger banks in the UK and Australia. Her experience in pensions started at Smart Pension where she is now Head of Sustainable Investment, driving the sustainable investment strategy with the trustees for Smart's members. Throughout her career she has been, and remains, committed to delivering good customer outcomes through meaningful engagement and strong governance.
• Mike Nixon
Mike is Head of Pensions for Leonardo, a manufacturer with major UK businesses in helicopters, electronics, defence and security systems. He is responsible for two DB schemes which remain open to future accrual as well as an award-winning DC scheme for new entrants. The schemes cover 7,000 employees supported by £2.5bn in assets.
He has over 30 years of industry experience, having previously worked for occupational schemes within the insurance sector. He holds professional qualifications from both the Chartered Insurance Institute and the Chartered Institute of Personnel and Development. He has participated in various industry bodies including the pension panel of the Engineering Employers Federation and the DB Council of the PLSA.
• Nigel Stanley
Nigel is Chair of the Nest Members' Panel. He has been a member of the DWP's Advisory Group for the Automatic Enrolment Review, a Trustee Member of Nest and a board member of the Pensions Quality Mark. He was Head of Campaigns and Communications for the Trades Union Congress for 18 years.
• Will Sutton
Will is a Partner in the pensions law practice at Reed Smith. Will mainly advises trustees of occupational pension schemes on their duties in running their DB or DC arrangements. His clients also include sponsoring employers, investors, lenders and other parties from across the globe who need to get to grips with the UK pensions regime. Many of those clients spend a lot of time addressing DC governance to ensure they get it right, and want to make sure that automatic enrolment is a platform for good retirement outcomes for their employees or members.Will is an active member of the Association of Pensions Lawyers. He also has experience as an independent trustee, as well as in providing training sessions on all aspects of pensions to trustees and other professionals in the pensions industry.
T: 020 7601 1736
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For those working in human resources, the PQM will play an important role in helping to promote their organisation?s reward package to both current and new staff.?
Charles Cotton - CIPD