Pension Insurance Corporation PLC Sally Bridgeland joins PIC's Board (1734O)
08 2월 2021 - 6:30PM
UK Regulatory
TIDM37PB
RNS Number : 1734O
Pension Insurance Corporation PLC
08 February 2021
SALLY BRIDGELAND JOINS BOARD OF
PENSION INSURANCE CORPORATION
London, 8 February 2021 - Pension Insurance Corporation plc
("PIC"), a specialist insurer of defined benefit pension funds,
today announces that Hon. Group Captain Sally Bridgeland has joined
its Board as Independent Non-Executive Director and Chair of the
Risk Committee. The appointment has been approved by the PRA. Sally
replaces Steve Sarjant as Chairman of the Risk Committee following
his retirement as an Independent Non-Executive Director of PIC.
At the same time, Rob Sewell, an Executive Director and Chief
Financial Officer of PIC, has announced his intention to retire
from the company by the end of 2021. A search for his successor is
underway.
The Risk Committee provides oversight and advice to the Board on
PIC's risk exposures, risk appetite, risk management and risk
controls, including the effectiveness of the risk management
framework.
Sally's previous executive career roles include CEO of the BP
Pension Fund and various roles at Aon (formerly Aon Hewitt),
including Head of the Financial Institutions Practice and Head of
the Investment Consulting Practice Research Team. Sally's
Non-Executive roles have included Trustee Director, Lloyds Banking
Group Pensions Trustees Limited; and Trustee and Investment
Committee Chair, NEST Corporation.
Sally currently holds a number of non-executive roles, including
as Chair of Impax Asset Management plc; Non-Executive Director and
With Profits Committee Chair at Royal London Mutual Insurance
Society Ltd; and Chair of Local Pensions Partnership Investments
Limited. Sally is also Honorary Group Captain, 601 Squadron Royal
Auxiliary Air Force.
Jon Aisbitt, Chairman of Pension Insurance Corporation, said:
"We are delighted to welcome Sally as an Independent Non-Executive
Director and are sorry that Steve is retiring. Sally brings with
her a wealth of experience from a long and varied career as an
actuary, adviser and expert in pensions and investment. Sally's
experience, perspective and strong leadership skills will be
invaluable as she chairs this important Board committee.
"I also want to thank in the warmest terms the previous Risk
Committee Chairman, Steve Sarjant, who has provided strong
direction and oversight, and overseen its development during his
tenure. Steve has served on PIC's Board since 2014, providing
challenge and an outside perspective that has been invaluable over
the past six years."
Sally Bridgeland, Independent Non-Executive Director at PIC,
said: "PIC sets a high benchmark in the pension risk transfer
industry because the company is focused on its purpose. PIC's
approach to risk management is dictated by this focus and I am
delighted to be chairing the Risk Committee and joining the wider
Board."
- Ends -
Notes to Editors:
For further information please contact:
Pension Insurance Corporation Jeremy Apfel +44 (0)20 7105 2140
apfel@pensioncorporation.com
Teneo Douglas Campbell +44 (0)20 3757 9231
douglas.campbell@teneo.com
About Pension Insurance Corporation
The purpose of Pension Insurance Corporation ("PIC") plc is to
pay the pensions of its current and future policyholders. PIC
provides secure and stable retirement incomes through leading
customer service, comprehensive risk management and excellence in
asset and liability management. At half-year 2020, PIC had insured
237,600 pension scheme members and had GBP47.7 billion in financial
investments, accumulated through the provision of tailored pension
insurance buyouts and buy-ins to the trustees and sponsors of U.K.
defined benefit pension schemes. Clients include FTSE 100
companies, multinationals and the public sector. PIC is authorised
by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and Prudential Regulation
Authority (FRN 454345). For further information please visit www.pensioncorporation.com
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END
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