Appointments update 16 February 2021

The Pension Insurance Corporation (PIC) has appointed Sally Bridgeland to its board.

She will join as an independent non-executive director and will also replace Steve Sarjant as chair of the Risk Committee, following his retirement as independent non-executive director. Bridgeland has held numerous executive and non-executive roles prior to this, including BP Pension Fund CEO, Aon head of the financial Institutions practice and head of the investment consulting practice research team, and Lloyds Banking Group Pensions Trustees Limited trustee director. Her appointment has been approved by the Prudential Regulation Authority. Alongside this, PIC chief financial officer and executive director, Rob Sewell, has announced his intention to retire from the company by the end of 2021, with a search for his successor currently underway.

XPS Pensions Group has been appointed actuarial and investment advisers to trustees of Mitchells & Butlers Pension Schemes.

The appointment follows a “competitive tender process”, and will see XPS provide both actuarial and investment advice to the trustees of the two Mitchells & Butlers defined benefit pension schemes, which have over £3bn assets, from its Birmingham office. Commenting on the appointment, chair of trustees, Jonathan Duck, said: “We wanted to work with advisors that were completely joined up in the delivery of funding and investment advice and would partner us on our journey to buyout. XPS demonstrated a pragmatic approach using market- leading technology to help us achieve our strategic objectives and engage effectively with our members, their approach really stood out and we are delighted to be working with them”

PTL has announced the appointment of Joanne Fairbairn as client director.

Fairbairn joins PTL from Marks and Spencer, where she held the role of head of pensions, having previously spent 12 years at Tesco as group international and UK corporate pension manager. She brings 30 years of experience to the role, having also previously worked as an actuary and consultant at Mercer for 14 years. She is also a fellow of the institute and faculty of actuaries, and holds the Pension Management Institute's award in pension trusteeship.

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