The People’s Pension has reappointed Mark Condron as its chair of board of trustees.
Condron has been reappointed for another five years, following three years in the role. He joined the Board in 2020 and brings extensive experience from senior roles in pensions advisory and administration. He is a Fellow of the Institute and Faculty of Actuaries and an Accredited Professional Pension Trustee.
This appointment comes as The People’s Pension is expected to reach £60 billion in assets under management by 2030.
Earlier this year, The People’s Pension announced plans to invest £4 billion, around 10 per cent of its growth assets, into private markets, with a strong focus on UK-based investments, provided suitable opportunities are available.
In February, the scheme also appointed two new asset managers, Amundi and Invesco, to help manage its £28 billion portfolio, which continues to grow rapidly.
Condron says: “I’m delighted to be asked to Chair for an extended five-year term and am fully committed to helping the Scheme continue its remarkable journey as one of the fastest growing asset owners in the UK. It’s an exciting time for our seven million members as pension funds are continuing to play an increased role in the financial futures of both workers and the nation as a whole.”
The People’s Pension chief executive officer Patrick Heath-Lay says: “It’s fantastic news that Mark has agreed to continue to serve as Chair of Trustees – he is exactly the right person to be chairing The People’s Pension into the next exciting stage of its journey. Strong governance lays at the heart of all good pension schemes, which is why it’s so important that Mark will lead the Trustees for the next five years, a period which promises to be hugely significant.”
