Smart Pension has appointed Raj Mody as chairman of the Smart Pension Master Trust Board, effective 1 September 2025.
Mody brings over 30 years of experience in pensions, covering investment strategy, DC schemes, and governance. He has served as global head of retirement & pensions and head of UK pensions at PwC, where he also led the development of proprietary pensions analytics technology.
He succeeds Andy Cheseldine, who is stepping down after eight years.
Smart Pension Master Trust Board chair Raj Mody says: “It is a privilege to be appointed Chair of Smart Pension’s Master Trust Board. Over the course of my career, I have seen first-hand the role technology can play in helping deliver long-term value for savers across the world. I look forward to supporting Smart Pension in its ongoing ambitions to innovate and improve retirement outcomes for its growing membership.”
Smart UK CEO Jamie Fiveash says: “We’re proud to welcome Raj to the Trustee Board. His expertise is unmatched and reflects our commitment to strengthening governance as we scale. With Raj’s board leadership and deep investment knowledge, we will be able to continue delivering outstanding outcomes for members. One of Raj’s initial priorities will be overseeing current acquisitions and new business which will take the Trust to £10bn assets by the end of next year. This, alongside a rapidly changing and consolidating market, makes us incredibly excited for the years ahead.
“Throughout Andy’s tenure, he has steered the scheme through some key milestones, such as our regulatory authorisation from The Pensions Regulator in 2019. Andy is one of the true leaders in our industry and I’m tremendously grateful to him for his stewardship and years of work with the Smart Pension Master Trust Board and wider team at Smart Pension.”
Smart outgoing chair of the board of trustees Andy Cheseldine says: “It has been an honour to serve as Chair of the Trustee Board for over eight years. Throughout this time, I am confident we have delivered long-term value for Smart Pension members and provided stewardship during a period of unprecedented change. I’m confident that the Smart Pension Master Trust will continue to grow, building on its cutting-edge technology offering to deliver greater scale and value to provide market-leading outcomes for its members.”
