L&G has appointed Paula Llewellyn to be the newly-created role of CEO, DC & workplace savings.
Llewellyn is currently chief customer and strategy officer, retail at L&G and has previously been managing director of L&G’s direct business, encompassing its at retirement and protection propositions, and CEO of financial advice.
In this new role Llewellyn will be working across L&G’s retail and asset management businesses. She will be responsible for the combined growth of L&G’s DC and workplace savings business, ensuring the firm maximises its market leadership and continues to deliver for DC clients and members.
L&G says that growing the DC and workplace savings business is a strategic commercial priority for the company, against a background of an evolving retirement and regulatory landscape.
Llewellyn aims to create a clear strategic vision for this business, ensuring L&G harnesses its distribution strengths, investment capabilities and customer focus. She will take up the role from 1 April, subject to regulatory approval.
L&G CEO, retail Laura Mason says: “Our DC & Workplace Savings business is a strategically important part of L&G with significant growth ambitions, supporting millions of members with their life-time savings journey.
“[Llewellyn] brings a strong track record in leadership, commercial delivery and customer strategy. Her outstanding people leadership, deep insight and expertise in member engagement will be instrumental as we continue to build a client and member-centric DC workplace & savings business.”
L&G CEO, DC & workplace savings Paula Llewellyn adds: “Pensions are powerful; they are a positive force for societal good as well as long term investments on which we personally depend. The retirement landscape has evolved drastically in recent years and with the continual shift to more individual responsibility it’s crucial for people across all ages to understand pensions and what they mean for them.
“Placing our clients and members at the core of our DC and workplace strategy will ensure we continue to help them have good long-term retirement outcomes. L&G is well placed to support the full depth and breadth of client and member needs; I’m looking forward to driving the business forward to help support our clients to deliver the best member outcomes possible.”
