The Minister for Pensions, Steve Webb, today announced the appointment of Tom Boardman as Deputy Chair and Graham Berville as a new Trustee Member to the National Employment Savings Trust (NEST) Corporation.
Their appointments will commence on 1 June 2014.
Minister for Pensions Steve Webb said:
I am pleased to announce that Tom Boardman has been appointed as NEST Deputy Chair and that Graham Berville has been appointed as a NEST Trustee Member.
With more than 1 million members and in excess of 3,500 participating employers, NEST is playing a vital role in supporting automatic enrolment, ensuring that all employers are able to meet their duties.
These appointments will augment and bring additional strength and depth to the NEST Trustee Board with a range of skills, knowledge and expertise that will ensure NEST successfully meets the challenges ahead.
Lawrence Churchill, Chair of NEST Corporation, said:
I congratulate Tom Boardman on his appointment as Deputy Chair and I warmly welcome Graham Berville to the Board of Trustees. These new appointments and our recently refreshed Board will guide NEST through the next phase of our journey.
Biographies of the new appointments
Tom Boardman has been a NEST Trustee Member since 2010. He is a member of the NEST’s audit and investment sub-committees and has played an active role in developing NEST’s investment proposition and governance structure. Tom has been in the pensions and insurance industry for 40 years. Much of this time has been in executive roles at Prudential and Nationwide; his last role at Prudential UK was as director of retirement strategy and innovation. Tom is a Fellow of the Institute and Faculty of Actuaries. He is an honorary visiting professor at the Cass Business School and the Pensions Institute and has written papers on converting pension savings into retirement income. Tom is also a Governor of the Pensions Policy Institute and a Senior Advisor at the Financial Conduct Authority.
Graham has a background in financial services, corporate change management and strategic development. From 2001 to 2008 he was the Chief Executive of Police Mutual Assurance Society. From 1994 to 2001, Graham was a UK Life Board Director at Commercial Union / CGU / Aviva PLC and Chairman of the UK Mutual Funds Business. Graham now holds a number of Non Executive Director positions including Non Executive Director at Age UK Enterprises and at the Veterinary Defence Society. He is the Independent Chairman of the LV= With Profits Committee and a Trustee of Yorkshire Cancer Research.
NEST Corporation is a non-departmental public body sponsored by the Department for Work and Pensions. It was set up in July 2010 as a corporate trustee to run NEST.
NEST is a low-cost occupational pension scheme that employers can choose to use to meet their automatic enrolment duties.
The Trustee Members form the Trustee of the NEST Scheme. There must be a minimum of 9 and a maximum of 15 including the Chair.
The appointments will join the existing Chair, Lawrence Churchill, and Trustee Members: Chris Hitchen, Sue Slipman, Iraj Amiri, Sharon Darcy, Enid Rowlands, Nigel Stanley, Carolan Dobson, Ian Armfield and Karen Silcock.
Trustee Members of NEST are public appointments made by the Secretary of State for the Department for Work and Pensions. Following an open and fair competition – regulated by the Office for the Commissioner of Public Appointments – both appointments will commence on 1 June 2014.
The Deputy Chair appointment is for a period of 3 years. The remuneration is £27,200 per annum for a time commitment of 40 days a year.
The Trustee Member appointment is for a period of four years. The remuneration is £20,100 per annum for a time commitment of 30 days a year.
In accordance with the Nolan Principles (the Seven Principles of Public Life), appointees’ political activity (if any declared) should be made public. In addition, the Political Parties, Elections and Referendums Act 2000 requires the Electoral Commission to publish a register of recordable donations. No political activity has been disclosed.
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