IFM Investors executive director, Gregg McClymont, will join the Pensions and Lifetime Savings Association’s (PLSA) board in October, the association has announced.

McClymont was formerly a Labour MP and was Shadow Pensions Minister between 2011 and 2015.

The PLSA said that McClymont joined its board at a pivotal time for pensions, with “all sides of politics” committed to a great role for pension schemes in supporting economic growth in the UK.

He will join the PLSA’s board as an independent non-executive director following the association’s annual general meeting in October.

Previously, McClymont served on the PLSA’s Policy Board and has chaired the PLSA’s Master Trust Committee.

His non-executive director experience includes previous roles at the PLSA’s Pensions Quality Mark, The Investing and Saving Alliance, and the Pensions Scholarship Trust.

McClymont is currently an executive director at infrastructure investment management firm IFM Investors, which is owned by 17 Australian pension funds.

Prior to joining IFM, he was group director of policy and external affairs at People’s Partnership and spent three years as Aberdeen Asset Management head of retirement after leaving parliament.

Before entering politics, he was a tutorial fellow at St Hugh’s College, Oxford.

Commenting on the appointment, PLSA chair, Emma Douglas, said: “I am pleased to welcome Gregg back to the PLSA.

“His experience as a former Shadow Pensions Minister, and in senior policy forming roles in the pensions and investment industry, strengthens an already formidable PLSA board.

“Throughout his career he has been a prominent campaigner for improved pension outcomes and an advocate for public policy that helps everyone achieve a better income in retirement.”

PLSA chief executive, Julian Mund, added: “Gregg is an ideal fit for the PLSA, bringing with him senior parliamentary and industry experience and, in his current role with IFM Investors, a track record of supporting pension funds to invest in productive finance assets globally.

“His skillset will significantly boost the policy and advocacy work of the PLSA and help us achieve our goals beyond the general election. I look forward to welcoming him to the board.”

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