The People’s Pension has appointed pensions and investment specialist David Butcher to its trustee board.
He will join six existing trustees with oversight of the master trust, which now has almost £18bn assets under management and is one of the largest trusts in the UK in terms of number of members.
Butcher has worked for 40 years in the pension and investment industry, including substantial governance experience. He has served on 16 boards, including as a non-executive director of BlackRock Pensions, a trustee of the Legal & General Master Trust, and both a trustee of the master trust and member of the independent governance committee (IGC) at Scottish Widows.
Butcher is also a member of the Advisory Board of the Fund Boards Council and chair of The Optimum Health Clinic Foundation, a medical charity.
The People’s Pension also announced that Chris Fagan has been appointed for a second term on the trustee board.
Chair of the trustee board, Steve Delo, who hands over the reins to fellow trustee Mark Condron later this year, said: “David’s appointment is great news for the 5.8 million members of The People’s Pension. He has vast DC experience and considerable trusteeship skills that will add further power to the long-term governance of the scheme.”