Appointments update 7 June 2021

Sackers has named David Saunders as senior partner.

Saunders initially joined the firm in 2004, before becoming a partner in 2008 and joining the firm’s managing committee in 2016, and brings over 18 years’ experience advising occupational pension scheme trustees and employers to his new role. He is already the lead partner on a number of the firm’s major clients, and frequently advises on the pensions aspects of corporate transactions. His appointment is effective 1 September 2021, and will see Saunders succeed Ian Pittaway, who has held the position since 2005.

Northern Trust has been appointed to provide asset servicing, oversight and governance solutions to UK Coal Pension Schemes.

The provider was appointed by the Coal Pension Trustees Services Limited (CPT), the in-house executive company owned by the British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme – two closed defined benefit schemes representing former workers across the UK coal industry. They have combined assets of $26bn, with CPT investing these assets on behalf of the two schemes. Under the appointment, Northern Trust will be providing CPT with valuation reporting , performance measurement, securities lending, foreign exchange and global custody services, including operational and data solutions to support the oversight and governance models.

The London Pensions Fund Authority (LPFA) has announced four board member appointments.

Rita Bajaj, Belinda Howell, Deborah Rees and Clare Scott have all been appointed by the Mayor of London as new board members to the fund. Bajaj brings over 30 years’ experience to the board, and is a non-executive director, IGC member and a chartered financial analyst. Scott has also worked in the pensions industry for 30 years, and is currently a non-executive director and independent adviser to a number of public sector funds. Howell, meanwhile, brings expertise in sustainability and climate change strategy, as well as responsible investment and assurance to FTSE 100 corporate boards, having extensive experience across a range of sectors. Rees also has broad experience, benefiting from a long City career researching and providing investment advice, primarily on international equities, to professional investors.

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