Appointments update 4 September 2020

Siemens pension schemes have announced the administration appointment of Trafalgar House.

The schemes, Siemens Benefits Scheme and Siemens Healthineers Benefits Scheme, have a combined membership of 59,500. They will transfer administration to Trafalgar House in two phases, the first of which completed on 1 September 2020, whilst the second is expected to complete on 1 December 2020. The deal has also seen 26 staff from the Siemens in-house pensions team transferred to Trafalgar House. The contract will be delivered from the administrator’s recently opened Farnborough office.

Lothian Pension Fund has named Gillian De Candole as portfolio manager.

De Candole joins from Brunel Pension Partnership, bringing over 15 years of experience working in both the buy-side and asset-owner capacities. She also has a “wealth” of knowledge on environmental, social and governance (ESG) issues, which is expected to “greatly benefit” the scheme in the delivery of its responsible investment agenda, as detailed in its recent statement of responsible investment principles.

Scottish Widows has announced three appointments to its master trust team and board.

David Butcher, who also join Scottish Widows’ Independent Governance Committee, brings brings over 40 years' of experience in pension investments, having most recently worked at Legal & General's master trust. Also joining the master trust board is Gerard Wellesley, who brings over 35 years’ experience in the financial industry, including 15 years as a pension trustee. Meanwhile, Sharon Bellingham, who was previously master trust lead at Hymans Robertson and has over 25 years’ experience, will be responsible for developing future strategy and market engagement. The appointments also follow the recent naming of Andrew Warwick-Thompson as chair of the master trust, with a fifth board member to be announced later this year.

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