Oliver Morley CBE appointed as next PPF Chief Executive

• Oliver Morley to be next Chief Executive at the PPF
• Officially takes up post on 19 March 2018

The Pension Protection Fund  today (Wednesday) announced the appointment of Oliver Morley as its new Chief Executive, joining in March 2018. Oliver will join the PPF from the DVLA where he has served as Chief Executive since 2013.

Pension Protection Fund Chairman, Arnold Wagner, said:

“I am delighted someone of Oliver’s calibre has decided to join the PPF. He brings to the role proven leadership skills, recognised success in engaging with stakeholders and a strong focus on the needs of customers. We have a proven team at the PPF and his leadership will ensure that the PPF enters the next phase of its development well placed to continue to protect the millions of people in the UK who belong to defined benefit pension schemes.”

Oliver Morley said:

‘‘I am really looking forward to taking up my new role, and am excited to be leading the PPF into what is an incredibly important next chapter. The PPF plays a fundamental role in the pensions’ landscape, protecting the retirement savings of millions of people; that mission is one that strongly attracted me to this role. The PPF is now an organisation with over £30 billion in assets and over 250,000 members and I will ensure that these members, as well as the schemes across the UK that pay the levy, are well served.”

The appointment follows a process launched after Alan Rubenstein informed the Board in July 2017 he would be stepping down in early 2018. Oliver Morley will officially take up the post on 19 March 2018.

Ends

For further press information contact:

PPF Press Office

020 7566 9775

[email protected]

Notes to editors:

1.    A photograph of Oliver Morley is available from the PPF press office.

2.    Oliver has been Chief Executive of the DVLA since November 2013. He has led the digital and business transformation of one of the UK’s biggest multi-channel service organisations, with over 45 million customers, over 402.5 million digital interactions, and £6 billion in revenue collected for the UK government per year. Oliver was awarded a CBE in the 2017 New Year honours for his Public Sector Digital Services work.

 3.    Prior to DVLA, Oliver was Keeper of The National Archives. Before this, he worked at Thomson Reuters in a range of roles including Global Head of Sales Operations. Oliver has also worked in the technology and shipping industries. He has an Economics MA from Cambridge University and an MBA from London Business School.

 4.    Oliver Morley will be the PPF’s fourth Chief Executive following Myra Kinghorn (2004-2006), Partha Dasgupta (2006-2009) and Alan Rubenstein (2009-2018).

5.    An overview of the PPF and its achievements can be found in the Annual Report and Accounts published in July, here. This confirms the PPF is on track towards its funding target, with invested assets of nearly £30bn and nearly 250,000 members directly protected.

The Pension Protection Fund:

The Pension Protection Fund protects millions of people throughout the United Kingdom who belong to defined benefit pension schemes. If their employers go bust, and their pension schemes cannot afford to pay what they promised, the PPF will pay compensation for their lost pensions. More than 120,000 people now receive compensation from the PPF and hundreds of thousands more will do so in the future. The PPF is a public corporation, set up by the Pensions Act 2004, and is run by an independent Board.