Aberdeen Standard Investments chair Martin Gilbert and Chris Hitchen, the former CEO of Railpen, are two of a string of high-profile figures appointed to the asset and liability committee of The Pension SuperFund.
Gilbert is a former chair of the Practitioner Panel at the Prudential Regulatory Authority, and is a co-founder and formerly CEO of Aberdeen Asset Management.
Hitchen is currently chair of the £43 billion Borders to Coast local authority pension pool and a non-executive director of Nest.
Kari Stadigh, the former president and CEO of Nordic insurance group Sampo Group, one of the most valuable companies listed on Nasdaq Helsinki, is also appointed to the committee. Stadigh is currently vice chair at Nokia. Sampo is giving backing to The Pension SuperFund, according to reports in The Times.
Other committee members include:
Wolf Becke – the former CEO of Hannover Life Re and board member of Hannover Re Group. His current board mandates include chairman of Aegon Blue Square Re N.V, vice chairman of FWU AG and senior independent director of Vitality Life.
William Maltby – British former vice chair of investment banking at Deutsche Bank who has previously headed up European leveraged finance & financial sponsors group. He is currently chair of NB Private Equity and Ekins Guinness.
Ian Edward – a former investment banker, entrepreneur and private equity investor across a variety of sectors including financial services, food & leisure. He is currently non-executive director of Pizza Pilgrims and co-founder of Hippo Inns.
The Pension Superfund’s business model is based around consolidating UK occupational defined benefit pension funds by accepting TPR cleared bulk transfers of all pension assets and their various contractual liabilities into an existing HMRC registered and PPF eligible arrangement topped up, as necessary, with a final tax-deductible sponsor contribution to satisfy PSF’s conservative “self-sufficiency” funding basis.
The Pension SuperFund co-founder Luke Webster says: “We are very fortunate to have such a wide range of investment and pensions expertise on our ALM committee. It means we have access to the very best ideas, experience and advice and is an important aspect of the added value which scheme members joining the superfund will benefit from.”
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