The Pension Protection Fund (PPF) announced today (January 11, 2016) that Kate Jones and Rosemary Hilary will be joining its Board as non-executive members.
Rosemary Hilary joins the PPF in January and Kate Jones will join in February.
PPF Chairman, Lady Barbara Judge, said: “In the past year the PPF has gone from strength to strength, growing in capability and financial strength. And with our increasing size, skill and capability we have the capacity to do even more to deliver on our mission to provide our members with the service, security and confidence they need in their most difficult times. At this point in our journey therefore, I am very pleased to welcome Kate and Rosemary to our Board.
“Their combined experience will help us in the responsibility we have in protecting the 11 million people in the UK who belong to over 6,000 defined benefits schemes.”
Kate Jones has extensive experience in senior front office asset management roles at Blackrock, Schroders and M&G. She began her career at M&G where she held the position of Fixed Income / LDI Portfolio Manager. She was responsible for growing Barclays Global Investors market-leading LDI business through building and leading the Portfolio Management function. She currently runs her own consultancy and executive coaching firm.
Kate Jones said: "I am thrilled to be joining the Board of the PPF. I am passionate about its important work which provides such valuable support to its members. I am looking forward to bringing my investment management experience to support the PPF as it continues to grow."
Rosemary Hilary has a wealth of experience gained from her career in audit, risk and financial services regulation. She is currently Chief Audit Officer at TSB. Before that she held a number of senior regulatory roles at the Financial Services Authority and then the Financial Conduct Authority. Rosemary has been a Trustee of the Board of Shelter, the national homelessness charity, and is also a member of the MBA Advisory Board at Cass Business School.
Rosemary Hilary said: “I am delighted and honoured to be appointed to the Board of the PPF. It has achieved so much in its first ten years and provides an invaluable lifeline to so many who worked hard in the belief that they would have a pension to rely on in their retirement. I am greatly looking forward to working with my fellow board members and the executive committee as it faces future challenges.”
Notes to Editors
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. Tens of thousands of 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.
For further press information contact:
PPF Press Office
020 7566 9775