The National Association of Pension Funds’ (NAPF) has made two key appointments. Frank Johnson becomes Chairman of the Defined Benefit (DB) Council and Richard Butcher becomes Chairman of the Defined Contribution (DC) Council.
Both start in October, after NAPF’s AGM, and will stay in-post for three years.
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.
Chairman of the NAPF Ruston Smith, said: “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.”