Fidelity International has appointed Vidett client director Mark Cliff as a new trustee of the Fidelity Master Trust (FMT) from 6 January 2025.
Cliff, an independent trustee since 2013, will fully take over as chair in April 2025, following a three-month handover with the current Chair, Kim Nash.
He has held positions as reward director and head of pensions at Manchester Airport Group. He has experience with DC Master Trusts and other Defined Benefit (DB) and Defined Contribution (DC) pension plans. He has chaired the Member Experience subcommittee of the Legal and General Investment Management (LGIM) Master Trust for over four years. He has also held chair positions for the pension schemes at Bentley Motors and Debenhams.
Nash has been chair of the FMT since 2015, having joined Fidelity as a sole trustee in 2013.
Nash says: “With more people part of workplace pension schemes than ever before, Trustees have an important role to play in upholding scheme governance. I would like to thank FMT’s Trustees for their support during my time as Chair, and I look forward to working together with Mark to ensure a smooth transition of responsibilities.”
Fidelity International head of workplace investing distribution Dan Smith says: “The position of Chair is vital in ensuring the combination of skills, knowledge and experience of the FMT Trustee Board operates effectively and efficiently to fulfil its responsibilities. We are delighted to welcome Mark as Chair of FMT, bringing significant experience and leadership to this role and would like to thank Kim for all of her support in successfully leading the FMT Trustee Board to date, and as she continues to support the workplace pensions industry for years to come.”
Cliff says: “I look forward to working closely with FMT’s Trustees to serve the needs of members of the FMT as best as possible, whilst continuing to progress its current areas of focus. Particular areas of interest I will relish focussing on, and which are aligned to my expertise, relate to member outcomes from a customer service perspective and supporting members accessing their pension savings whilst saving for retirement, with a keen focus on investment strategies and choice within the sustainability regulatory framework.”
