Fidelity International has appointed Jill Mackenzie and Colette Dunn as independent trustees of its Master Trust Board.
Mackenzie and Dunn will join Kim Nash, independent chair of trustees, as well as independent trustees Dianne Day, Gerald Wellesley and Roger Breeden.
Mackenzie has over 25 years of expertise in the field and more than 10 years of experience acting as a trustee for both DC and DB pension plans. She now serves as the chair of four pension trustee boards and most recently served as the senior independent director for seven years on the board of Nest Master Trust.
According to Fidelity, the Master Trust Board’s current trustees will benefit from Mackenzie’s experience dealing with one of the biggest Master Trusts on the market and administering a sizable mature plan. She also possesses the PMI Diploma in pension trusteeship and is a member of the Pensions Management Institute.
Dunn is a non-executive director, strategic adviser, and professional coach with over 30 years of expertise in strategy consulting for the financial services industry. She focuses on consumers and the retirement market. Dunn, who has experience working with KPMG, Accenture, Milliman, Willis Towers Watson, and the third sector, has a great interest in topics that are customer-focused.
Dunn will support the Trustees in meeting their commitment to the requirements of members as participation levels rise against the backdrop of a world that is constantly changing. She is also deeply committed to fostering equity, diversity, and inclusion.
The Fidelity Master Trust Board will replace its Fidelity-affiliated Trustees, James Carter, head of pension products & policy at Fidelity, and Marianne Jaekel, head of UK DC legal services, with Mackenzie and Dunn as it transitions to an independent format.
Fidelity Master Trust independent chair of the trustees Kim Nash says: “We’re delighted to welcome Jill and Colette to the Master Trust Board. When looking to add new Trustees, it’s important to have the right blend of skills and experience, and we are confident that both Jill and Colette bring with them significant knowledge, skills and experience that will support the Master Trust Board as its structure evolves.”
Mackenzie: “Fidelity is synonymous with quality in the workplace pensions industry – a name I have trusted throughout my years leading employer pension provision. I am therefore thrilled to be adding my experience to the Master Trust Board.”
Dunn says: “I am delighted to join Fidelity’s Master Trust Board and to help Fidelity’s Master Trust pension schemes prepare their members for retirement. I am confident in the Board’s ability to foster better outcomes for members when it comes to their pension savings and look forward to working with the other Trustees.”
