Standard Life has appointed Barry Butler to its Independent Governance Committee (IGC).
This follows the transition of Andrew Davies to chair of the IGC – which oversees the the interests of 2.7m workplace pension scheme members, with total assets under administration almost £65bn.
Butler has worked as a non-executive director of MetLife and has extensive financial services experience. He is a qualified actuary, with expertise in financial management, risk oversight, and customer-focused governance.
In this new role he will support the IGC’s role in ensuring pension scheme members within its remit receive transparency, value for money and a high-quality service.
The IGC also oversees assets of members worth c£7 billion within schemes managed by Phoenix Life, ReAssure Life, ReAssure and Phoenix Life CA — formerly known as SunLife of Canada.
Standard Life’s IGC chair Andrew Davies says: “‘[Butler’s] leadership experience in our industry and track record in governance make him a fantastic addition to the IGC.
“His expertise will be invaluable as we continue our work to protect and enhance outcomes for Standard Life’s workplace pension customers.”
Butler adds: “I am delighted to join the Standard Life IGC at such a crucial time for workplace pension savers. With Consumer Duty changing the game, pension reform on the Government agenda and increasing focus on customer outcomes and value for money, I look forward to working with the Committee to ensure we continue to serve the best interests of customers.”
