– UK, London – Pension Insurance Corporation plc (LON: 37PB), a specialist insurer of defined benefit pension funds, today announced the appointment of Hon. Group Captain Sally Bridgeland to its Board as Independent Non-Executive Director and Chair of the Risk Committee.
“We are delighted to welcome Sally as an Independent Non-Executive Director and are sorry that Steve is retiring. Sally brings with her a wealth of experience from a long and varied career as an actuary, adviser and expert in pensions and investment. Sally’s experience, perspective and strong leadership skills will be invaluable as she chairs this important Board committee.” said Board Chairman, Jon Aisbitt.
Sally replaces Steve Sarjant as Chairman of the Risk Committee following his retirement as an Independent Non-Executive Director.
He added: “I also want to thank in the warmest terms the previous Risk Committee Chairman, Steve Sarjant, who has provided strong direction and oversight, and overseen its development during his tenure. Steve has served on PIC’s Board since 2014, providing challenge and an outside perspective that has been invaluable over the past six years.”
At the same time, Rob Sewell, an Executive Director, and CFO has announced his intention to retire from the company by the end of 2021.
About Sally Bridgeland
Sally’s previous executive career roles include CEO of the BP Pension Fund and various roles at Aon, including Head of the Financial Institutions Practice and Head of the Investment Consulting Practice Research Team. Sally’s Non-Executive roles have included Trustee Director, Lloyds Banking Group Pensions Trustees Limited; and Trustee and Investment Committee Chair, NEST Corporation.
Sally currently holds several non-executive roles, including as Chair of Impax Asset Management plc; Non-Executive Director and With-Profits Committee Chair at Royal London Mutual Insurance Society Ltd; and Chair of Local Pensions Partnership Investments Limited. Sally is also Honorary Group Captain, 601 Squadron Royal Auxiliary Air Force.
Sally Bridgeland said: “PIC sets a high benchmark in the pension risk transfer industry because the company is focused on its purpose. PIC’s approach to risk management is dictated by this focus, and I am delighted to be chairing the Risk Committee and joining the wider Board.”
About Pension Insurance Corporation
The purpose of Pension Insurance Corporation plc is to pay the pensions of its current and future policyholders. PIC provides secure and stable retirement incomes through leading customer service, comprehensive risk management, and excellence in asset and liability management. At half-year 2020, PIC had insured 237,600 pension scheme members and had £47.7 billion in financial investments, accumulated through the provision of tailored pension insurance buyouts and buy-ins to the trustees and sponsors of U.K. defined benefit pension schemes. Clients include FTSE 100 companies, multinationals, and the public sector. PIC is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
For more information: https://www.pensioncorporation.com/
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