The Society of Pension Professionals (SPP) has announced the election of Steve Hitchiner as its next president.

Hitchiner will succeed the previous president, James Riley, and his two-year term will take effect from 1 June 2022.

Hitchiner is a partner at Barnett Waddingham with almost 20 years’ pension advisory expertise at the firm and sits Barnett Waddingham’s Actuarial Consulting Board, which is responsible for client service and future strategy for this practice area.

Additionally, Hitchiner will bring his experience as a past chairman of the firm’s Pensions Actuarial Technical Committee, which carries out research and provides technical support across the firm.

Hitchiner, commented: “I would like to offer my sincere appreciation to outgoing president James Riley for his outstanding dedication, spirit, and enthusiasm towards the society over his tenure. Alongside Fred Emden, he has guided the SPP, building a stellar foundation for me to continue the SPP’s valuable work during my tenure as president.

“Over the course of my Presidency, I intend to continue the SPP’s strong track record influencing policy and provoking debate in the industry. I believe this is fundamental to get the best outcomes for our members, their clients and ultimately pension scheme members.

“I have a particular interest in the new funding regime, combined governance code, dashboards, superfunds, GMP equalisation, ESG and climate reporting, which I believe are all critical issues on which SPP can and should be taking a leading role.

“However, it is important that our industry doesn’t focus solely on running off legacy DB schemes, and outcomes for DC members needs to be a priority for the SPP. Improving adequacy and providing the right information is an important part of this. But we also need more options for DC members to provide greater certainty and risk sharing in retirement.”

SPP chief executive officer, Fred Emden, added: “It has been a privilege to work with James during his time as president and the growth of the SPP during his tenure is a testament to his leadership.

“I very much look forward to working with Steve and this next phase of strategic development. I am confident that he will further the progress made to date and continue to drive positive change within the society and the industry at large.”

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