PMI elects new president
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Robert Wakefield has become president of the Pensions Management Institute, after the PMI’s annual general meeting on Tuesday.
Wakefield will chair the PMI’s Advisory Council as well as continue to sit on the board as a non-executive director. The head of pensions administration at First Actuarial has worked in UK pensions for more than 30 years in roles spanning pensions administration, actuarial and scheme secretarial, including previous positions with Mercer and Barnett Waddingham.
He succeeds Sara Cook, who served one term as president following two consecutive terms as vice president.
Wakefield said: “My priorities for my term as president include supporting younger members to become more involved in the PMI. After long periods of only virtual meetings during the pandemic, I also want to encourage all our members to attend our events in person to help build connections and share knowledge within the industry.”
PMI chief executive Gareth Tancred thanked Cook for her commitment to the PMI and welcomed the new president: “Robert’s experience and expertise will make him an excellent ambassador for the PMI, and we very much look forward to continuing to work with him in his new role.”
PMI vice president Rosie Lacey has also stood down. The PMI said an announcement about the new vice president would follow “in due course”.
Seven PMI fellows were elected to the advisory council, with an eighth due to be chosen in the coming weeks. The new council members are Anish Rav, director of pensions policy at Capita Pension Solutions, Duncan Buchanan, partner at law firm Hogan Lovells, Rachika Cooray, partner at consultancy LCP, Wendy Davis, director of group pensions at Sainsbury's, Rosie Lacey, pensions manager at Kier, Charlotte McAusland, principal DC consultant at Mercer, and Tim Box, senior consultant at LCP.
Ruston Smith remains chair of the board for a further year as part of his three-year term.
Smith said: “The pace of change in pensions continues to increase as do the expectations on professionals in our industry. The role of the PMI in supporting, informing, and equipping trustees and pension professionals to develop and grow has never been more important. I’m looking forward to working with the board, our new NEDs and the team to implement our strategy, adapt to the new regulatory changes and continuously improve all we do to meet the future needs of our members and the industry.”
