New NAPF council chairs announced
Thursday, October 1, 2015
Frank Johnson and Richard Butcher will be the new chairmen of the National Association of Pension Funds (NAPF) Defined Benefit (DB) and Defined Contribution (DC) councils.
Frank Johnson and Richard Butcher will be the new chairmen of the National Association of Pension Funds (NAPF) Defined Benefit (DB) and Defined Contribution (DC) councils.
Both men will begin their new roles in October after the AGM for a three-year term.
The NAPF council allow members the opportunity to contribute to the strategic direction of NAPF policy on a wide range of issues relating to pensions, which the NAPF says is "vital".
Frank Johnson will be heading up the DB council, which represents all forms of workplace DB schemes, including those running single-employer trust schemes, multi-employer schemes and local authority pension funds.
Frank oversaw the investment business streams of RPMI and RPMI Railpen between 2009 and 2015.
Richard Butcher will chair the DC council, representing all forms of workplace DC schemes, including those running single-employer trust schemes, master trusts, and those overseeing an employer's use of a contract-based scheme.
He is also managing director of PTL.
NAPF chairman Ruston Smith said: "This announcement comes at a time when the pensions industry is facing an ever increasing number of challenges, and the skills and expertise that Frank and Richard bring will help make sure our DB and DC councils' advice and guidance always meet the needs of our members."
"They both have a great understanding of where we are as an industry, and as importantly, where we need to be heading."
The full DB and DC Councils have been elected and the results are now up on the NAPF website after what the NAPF describes as a "hard fought" election.
The NAPF has also recently published its response to HM Treasury's consultation: Strengthening the incentive to save: a consultation on pensions tax relief.
In the response, the organisation argues that over the long-term a move to a pensions tax regime of either 'taxed, exempt, exempt' (TEE) or a single rate jeopardises both pension saving and the tax revenues of future governments.
First published 01.10.2015
Lindsay.sharman@wilmingtonplc.com
