Jamie Fiveash, chief executive of Smart UK, has been appointed chair of industry body Pensions UK, formerly known as the Pensions and Lifetime Savings Association.
At Smart UK, Fiveash leads the £9.5bn master trust, which has two million members. He was previously chief operating officer at The People’s Partnership, where he oversaw the design and delivery of The People’s Pension.
The chair of Pensions UK is expected to provide leadership and strategic guidance to the board and executive team. Fiveash will also help guide Pensions UK in delivering its 2030 Ready strategy and oversee the evolution of the organisation to support its members.
He commences a three-year term on July 1, and this can be extended by no more than three further years.
Fiveash succeeds Emma Douglas, who is stepping down to take up her new position as chair of The Pensions Regulator. Prior to this role, which Douglas had been in since 2021, she was chair of Pensions UK’s policy board for three years.
Fiveash says: “The sector is transforming rapidly, with significant momentum from government and industry towards improving saver outcomes following the Pensions Commission’s interim report and the Pension Schemes Act.
“My focus will be on strengthening our collective voice across our membership base to drive forward policy and innovation that delivers the best possible retirement outcomes for savers across the country.”
Pensions UK is also now seeking a new chair for its policy board to succeed John Chilman, who is retiring from the role, but remaining on Pensions UK’s board until the end of his term in October 2027.
Pensions UK is also recruiting at least one non-executive director from among its members, as well as an independent NED to succeed Dave Coplin, whose second three-year term on the Pensions UK board is coming to an end.