Frank Johnson and Richard Butcher have been named as the new Council Chairmen of the National Association of Pension Funds’ (NAPF) Defined Benefit (DB) Council and Defined Contribution (DC) Council respectively.
Both will assume their responsibilities after the AGM in October for a three-year term.
The NAPF’s Councils carry out a vital role, as they allow members the opportunity to contribute to the strategic direction of NAPF policy on a wide range of issues relating to pensions.
Johnson oversaw the investment business streams of RPMI and RPMI Railpen between 2009 and 2015, and will be heading up the NAPF’s DB Council. The Council represents all forms of workplace DB schemes, including those running single-employer trust schemes, multi-employer schemes and local authority pension funds.
Butcher is Managing Director of PTL, and will be chairman of the NAPF’s DC Council representing all forms of workplace DC schemes, including those running single-employer trust schemes, master trusts and those overseeing an employer’s use of a contract-based scheme.
Commenting on the appointments, Ruston Smith, Chairman of the NAPF, says: “This announcement comes at a time when the pensions industry is facing an ever increasing number of challenges, and the skills and expertise that Frank and Richard bring will help make sure our DB and DC Councils’ advice and guidance always meet the needs of our members. They both have a great understanding of where we are as an industry, and as importantly, where we need to be heading.”
After intense interest in Council vacancies this year and a hard fought election, the full DB and DC Councils have been elected and the results are now up on the NAPF website.
