The Pensions Trust

The Pensions Trust Appoints New Chief Finance Officer

Press Release   •   Jun 11, 2013 13:59 BST

The Pensions Trust, one of the leading occupational pension funds in the UK for
the third sector, is pleased to announce the appointment of David Lane as Chief
Finance Officer.

David joins The Pensions Trust with a wealth of experience in senior finance
roles, having worked in a variety of sectors and corporate environments in the
UK and overseas. Prior to joining, his most recent role was Chief Finance
Officer at Minster Law, one of the UK’s largest legal services businesses.
Previously to that, he was Divisional Finance and Commercial Director at leading
building services provider N.G. Bailey. David has a strong knowledge of
pensions, having been Chair of Trustees for the Stanley Tools UK Pension Scheme
and a Member Nominated Trustee for the Jacuzzi UK Retirement Benefits Scheme.

Reporting into Stephen Nichols, the Chief Finance Officer role is a new
position with a high level of responsibility, which will see David working
closely with the Trustee Board. David’s daily responsibilities will include
leading the business through management of the Finance Team, financial
management and management of risk and governance.

Stephen Nichols, Chief Executive of The Pensions Trust, said: “David will be
a great addition to The Pensions Trust and the support he will provide the
Trustee Board will be invaluable. Leading and developing the strategy and
operations of the Trust’s financial policy and communication with employers is
crucial in ensuring we are able to provide the best possible pension solutions
for the charitable and voluntary sectors. David will be carrying out vital work
during a particularly challenging time for employers, and his appointment is
part of the Trust’s continued commitment to providing the best possible pension
solutions for the charitable and voluntary sectors.”

David Lane said: “I am looking forward to my new role at The Pensions Trust.
The continued environment of economic uncertainty presents a huge challenge for
all pension schemes and I am pleased to be working with The Pensions Trust, to
help develop its financial strategy to ensure the Trust provides the best
possible expertise for employers and members”.


Facts and figures

Established in 1946, The Pensions Trust is an occupational pension fund, established under Trust Law.

The Trust has assets of more than £5.5 billion and serves over 2,400 employer organisations with over 157,000 members and pensioners (as at May 2013).

29 defined benefit schemes, four multi-employer defined benefit schemes, three multi-employer hybrid schemes, the Flexible Retirement Plan and the Ethical Fund.

Adopted the mission to make membership worthwhile.

Run by a Corporate Trustee with a Board of 12 Directors – five elected by employers, five by members and two co-opted by the elected Directors. The Chair and Deputy Chair are elected annually by the Board members.

This Board is responsible for the policy, strategy and supervision of The Pensions Trust.

Some participating schemes also have their own committees who make decisions on the management of the scheme. This means that employers and members can choose to be closely involved in their scheme.

The Trust became a signatory to the United Nations Principles for Responsible Investment (UNPRI) in May 2010.