PLSA welcomes three new non-executive directors to its Board

The Pensions and Lifetime Savings Association is announcing three new non-executive directors will join its Board next month, as a number of the existing Board come to the end of their tenures.

Joining the Board in October are Alison Hatcher, Global Head of Corporate Sector, HSBC Global Asset Management (UK) Ltd and Patrick Heath-Lay, Chief Executive Officer, B&CE, provider of The People’s Pension. Also joining as an independent is Catherine May, who is an experienced non-executive director with extensive expertise in corporate affairs and governance.

Having seen the PLSA through a period of both internal and external change in recent years, stepping down from the Board are: Jamie Fiveash, Chris Hogg, Jamie Jenkins, Frank Johnson, Nicola Mark, Lesley Williams, and Carol Young.

Richard Butcher, Chair of the PLSA, said: “I am very pleased to welcome three new members to the PLSA Board with such extensive and broad experience. I am certain Alison, Patrick and Catherine’s expertise will ensure we can build on the hard work of the Association to date and continue to represent the interests of our members.

“I would also like to extend my warmest thanks to all of our outgoing Board members. They have all made a significant contribution to the Association during their tenures, and we hope they continue to be involved in the PLSA’s work in the future.”

Julian Mund, Chief Executive, PLSA, said: “The changes to our Board are part of wider reforms we have been making to ensure we have the right governance for our Association and are able to fulfil our mission of helping everyone achieve a better income in retirement. Alison, Patrick and Catherine will bring a fantastic mix of skills to the table and I am excited to work with them to deliver our strategic goals in the years to come.”

The new Board will be made up of eight people in total, and this reduction in numbers is designed to make the Board both more agile and more appropriate for the size of the PLSA.

These changes are part of the PLSA’s wider governance reforms and ensure the Board has access to a wider skill set beyond pensions but is still guided by PLSA member organisations.

The PLSA’s Board will work closely with the newly created Policy Board, after the appointments have all been confirmed at the PLSA’s Annual General Meeting on 19 October. The members of the Policy Board will also be announced shortly.

ENDS

NOTES TO EDITORS

Alison Hatcher, Global Head of Corporate Sector, HSBC Global Asset Management (UK) Ltd

Alison Hatcher has been Global Head of Corporate Sector in the Client Strategy team in London since 2015. Alison is responsible for understanding the needs of our corporate client, how to manage risk on their balance sheet and their pension schemes. Alison joined HSBC in 2011 and has been working in the industry since 2005. Alison holds a BA Hons in Law & Business from Warwick University and a distinction in her MSc in Banking and International Finance from Cass Business School in UK. Alison is one of the Founders of Women in Pensions an industry group with representation from most pension schemes globally. She is part of the PLSA Diversity Advisory Board, Efama Pensions Standing Committee and MES PLSA Working Group.

Patrick Heath-Lay, Chief Executive Officer, B&CE, provider of The People’s Pension

As Chief Executive Officer, Patrick has been the driving force behind The People’s Pension and moving B&CE from an organisation focused solely on the construction sector to a mainstream pension provider. Patrick is passionate about B&CE as a not-for-profit organisation and what it is trying to achieve with The People’s Pension, and has been instrumental in shaping its ethos and beliefs. Recognising the ill health issues faced by the construction industry, he is now leading development of an occupational health management system that will help health be taken as seriously as safety within the workplace.

Patrick sits on the Board of Directors for People’s Financial Services Ltd, B&CE Insurance Ltd and B&CE Financial Services Ltd. He is also a Trustee of the B&CE Charitable Trust.

Catherine May

Catherine May is an experienced non-executive director and corporate leader. She serves as Vice Chair of Stonehaven Campaigns, a communications advisory firm; Senior Independent Director of English National Opera and works as an adviser on reputation management and governance and leadership coach to a number of FTSE plc businesses. During her executive career, Catherine served as Corporate Affairs Director on the Executive Committees of SAB Miller plc, Centrica plc and Reed Elsevier Group plc.

The full board will include:

• Richard Butcher (Chair)
• Mark Cooke (Executive – Chief Operating Officer, PLSA)
• John Dembitz (Non-executive – Independent)
• Emma Douglas (Non-executive – Chair of the Policy Board)
• Alison Hatcher (Non-executive- Member representative)
• Patrick Heath-Lay (Non-executive – Member representative)
• Catherine May (Non-executive – Independent)
• Julian Mund (Executive – Chief Executive, PLSA)

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