Richard Law-Deeks has been named as chief executive officer of the Royal Mail Pension Plan (RMPP), taking the role with immediate effect.
Law-Deeks brings over 10 years of pensions market experience to the position at the RMPP, which oversees assets of £10bn on behalf of more than 120,000 UK members.
He had been interim CEO at RMPP since February 2018, when former CEO Chris Hogg left to join National Grid, and will now take on the role permanently. Prior to taking the interim position, Law-Deeks was head of finance at RMPP.
The appointment comes at a dynamic time for Royal Mail, as they are planning to adopt a collective defined contribution pension scheme for its members this autumn.
Before joining RMPP, Law-Deeks specialised in corporate finance and investments at Marsh & McLennan Companies and working in public sector accounting positions in multiple different local government pension schemes.
He will continue the work of the previous leadership, which includes further development of best-in-practise governance and risk management systems.
Royal Mail Pensions Trustees Limited chair, Joanna Matthews said: "Richard understands the demands and challenges that the Plan faces and, during the first half of this year, showed great leadership as we began to implement new changes. He has a clear vision for the plan that is aligned with the thoughts of both trustees and the sponsor.”
Speaking about his permanent appointment, Daw-Leeks commented: "It is a real privilege to lead the Plan, helping to ensure the financial well-being of our members in retirement. I look forward to delivering best-in-class services and innovation, working closely with Joanna, the trustees, and the sponsor.”