Appointments update 5 May 2021

Aviva has named Emma Douglas as managing director, workplace savings.

In her new role, Douglas will report to Aviva managing director, UK savings and retirement, Rob Barker, who was appointed last month. She brings over 20 years’ experience to the role, having previously held roles with both Mercer and BlackRock, and joins the team after a seven year stint with Legal & General Investment Management (LGIM), where she was head of defined contribution (DC). LGIM has wished Douglas every success in her future endeavours, and is currently looking to appoint a successor to head the DC business. In the meantime, LGIM head of DC sales, Rita Butler-Jones and LGIM head of DC client management, Stuart Murphy, will assume Douglas’s responsibilities.

Cushon has announced the appointment of Baroness Ros Altmann to its advisory board.

The role will see Altmann provide strategic input on Cushon’s proposition and product development, with her expertise expected to be “crucial” as Cushon seeks to accelerate the use of technology and innovation in UK workplace savings and pensions, including through the promotion of greater transparency around sustainability issues. Altmann, who was previously Minster for Pensions from 2015 to 2016, is a member of the House of Lords.

The Howard de Walden Estates Ltd Retirement Benefits Scheme has appointed Schroders as its fiduciary manager.

The £42m pension fund selected Schroders following a “thorough” two-stage competitive tender process, which was managed by IC select. Following the completion of a "smooth transition" of assets in January 2021, the scheme achieved full funding on technical provisions in February, which was attributed to the combination of recovering markets and falling liability values driven by rising gilt yields. The trustees of the scheme stated that the Schroders fiduciary management team was “instantly proactive” in responding to the favourable change, taking advantage of these factors of to de-risk and ‘lock in’ the scheme’s improved position.

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