This week's pension industry movers and shakers: including the Pensions and Lifetime Savings Association, the Investment Association and Gallagher.

PLSA announces new board members

The Pensions and Lifetime Savings Association (PLSA) is to appoint two new members to its Board and four new members to its policy board. 

Jamie Fiveash from Smart Pension and Laura Myers from LCP will join the board and Alan Howard from Shell, Ewan McCulloch from Border to Coast Pensions Partnership, Fiona Brown from Rolls-Royce plc and Lizzie Holliday from NOW: Pensions will join the PLSA' policy board.

Formed in 2018, the PLSA Policy Board guides and decides on the PLSA’s public policy positions, with a remit stretching across all PLSA policy work on pensions and lifetime savings. Its goal is to shape the policy agenda for all aspects of retirement income. 

Alison Hatcher, independent consultant, is stepping down from the PLSA Board and Lisa Young-Harry from HSBC Bank Pension Trust and Mel Duffield from USS will be stepping down from their positions on the Policy Board. 

Emma Douglas, chair of PLSA Board, said: “We are in an exciting period for the pensions sector, with DB schemes and the LGPS now almost entirely in surplus, more savers than ever contributing to workplace schemes and big philosophical questions being asked about the future make-up of our industry. The PLSA has an ambitious public policy work programme matched by the improvements we are making in bringing the industry together. We are really pleased to be able to bring some fresh expertise to our governance structures to see these ambitions through. I would also like to thank Alison for her invaluable contributions over the last five years on the Board, she will be missed.”

John Chilman, chair of PLSA Policy Board, said: “The diversity of thought and background across our Policy Board members provides us with the enhanced expertise to shape and develop the pensions and lifetime savings landscape. Together with our new members we will be able to continue to develop the policies which inevitably help everyone achieve better pensions at retirement. 

All the appointments are subject to, and become effective from, the successful passing of resolutions at the PLSA Annual General Meeting on 19 October 2023. 

Investment Association appoints four new directors:

Four new directors have been selected to join the Investment Association (IA) board of directors, which is made up of senior leaders from across its membership.

The appointments were confirmed at IA’s annual general meeting this week

These include Marcello Arona, chief executive from AXA Investment Managers UK,

Nasreen Kasenally, global chief operating officer and UK country head at UBS Asset Management, Euan Munro, chief executive officer at Newton Investment Management and Joseph Pinto, chief executive at M&G Investments.

They will now oversee the IA’s activity and replace Marie Dzanis, Hassan Elmasry, Chris Hill and Nick Ring. 

Patrick Thomson, chair of the IA Board, said: “On behalf of the Investment Association, I’m delighted to welcome Marcello, Nasreen, Euan and Joseph to the IA’s Board, each bringing the necessary expertise and perspectives required for these fast-changing times. I look forward to working with our new appointees and all Board members as our industry continues to help clients meet their financial goals.” 

Insurance broker Gallagher makes two new appointments:

Steve Coco has been appointed as the new global human resources and compensation consulting managing director at Gallagher and will take up his new role from 1 January 2024. Coco joined Gallagher as part of the Buck acquisition in April 2023.

He is currently the chief revenue officer at Buck, a Gallagher company, where he is responsible for revenue growth.

Coco said: “I’m honored to take on this exciting role and look forward to collaborating with our talented team and clients worldwide to create impactful solutions that drive organisational growth, employee satisfaction and business success. I know that together, we can help companies across the globe design and deliver a better workplace.” 

Scott Hamilton, who is currently global managing director of human resources and compensation consulting at Gallagher, will become chairman of the business line, focusing on growth strategies, labour force trends, and mergers and acquisitions.