Cardano, the provider behind the Now: Pensions master trust, has appointed LifeSight’s David Bird as head of DC platform and Stefan Lundbergh as head of DC design.
In his new role, Bird, who was formerly a director at LifeSight, Willis Towers Watson’s master trust, will lead the continued development of Cardano’s DC offering, which advises single employer schemes, particularly those of a certain size or with specific requirements. He will advise trustees on investment and risk management approaches to deliver robust and stable results for members. Bird and Lundbergh will also be working closely with Now: Pension.
Bird has over 30 years’ experience in financial services. He had been at Willis Towers Watson for over 21 years.
Bird says: “I’m delighted to be joining Cardano at such an important time for DC pensions in the UK. Ensuring that DC members can secure more certain outcomes from their pension savings is more crucial than ever. I look forward to teaming up with Stefan Lundbergh and bringing Cardano’s leading risk managed solutions to DC savers in the UK.”
Lundbergh is currently director of Cardano Insights, its research department. Until recently, he was a non-executive board member of the Fourth Swedish National Pension Fund (AP4). In the summer of 2017, he headed the review of the Swedish premium pension system. He has held various positions at Algemene Pensioen Groep (APG) in the Netherlands and Skandia Life Insurance Company in Sweden. He holds a PhD from Stockholm School of Economics.
Cardano UK CEO Kerrin Rosenberg says: “We are delighted to welcome David to Cardano. David’s knowledge as a platform specialist combined with Stefan’s expertise in Pension Design will be extremely beneficial to our clients. Their experience will both complement and strengthen our existing teams as we continue to grow our DC business.
“There has never been a time when Cardano’s risk management strategies have more relevance to today’s DC investors and this expansion is about developing products and services that reach out to the widest possible audience to improve the retirement outlook for everyone.”