Joanne Segars, OBE has been appointed as the new chair of the Independent Governance Committee (IGC) at Legal & General, with effect from 13 July 2022.
Segars has been a member of the IGC since January 2019 and will take over as chair from Dermot Courtier, who has held the position since March 2017.
Segars has held many roles, including Governor of the Pensions Policy Institute and board membership of the Environment Agency, Pensions Europe, and the Pensions Infrastructure Platform. She was awarded an OBE for services to pensions in the Queen’s Birthday Honours in 2003. She has also served as the chair of the Joint Expert Panel on the Universities Superannuation Scheme and the chief executive of the Pensions and Lifetime Savings Association. Segars is now the chair of LGPS Central Ltd and the chair of NOW: Pensions. She also serves on the Pension Fund Governing Board at CERN in Geneva as an external expert.
The IGC ensures that members’ pensions are protected. They combine their expertise, experience, and talents to ensure that members get the most out of their pension and that it is well-managed. The IGC is in charge of the WorkSave Pension Plan and Group Stakeholder Pension Plan at Legal & General, which have over 2 million members and £30bn in assets under management (AUM).
L&G co-head of Defined Contribution Rita Butler-Jones says: “We are thrilled that Joanne has been appointed as chair of the IGC. Joanne’s 30 plus years of industry experience has proven invaluable to the IGC and it’s great to see the appointment from within the existing talented pool of committee members. Joanne is a key industry figure and we are delighted she has accepted this new opportunity to lead the already-strong IGC. We would like to thank Dermot Courtier for leading the IGC and his unwavering dedication to members during his time on the Committee.”
IGC incoming chair Joanne Segars OBE says: “I am delighted to be appointed as Chair of the IGC. I have greatly enjoyed working with my colleagues on the committee and look forward to taking the lead. I am proud of what we have already delivered and look forward to continuing our focus on delivering value for money for our members and what matters most to them. Dermot has been a great chair and colleague and I wish him well for the future.”
IGC outgoing chair Dermot Courtier says: “It has been a pleasure leading the IGC for the last five years and I have greatly enjoyed the opportunity. I feel as a committee we have made great strides in ensuring our members get the most from their pension and that it is governed extremely well. Joanne has been great to work with and I have every confidence that she will be a fantastic chair with the added benefit of already having strong relationships with the IGC.”