Aviva has appointed company managemetn firm Law Debenture as the corporate chair of its independent governance committee, with its director Inder Dhingra becoming the committee’s chairman.
Mr Dhingra is an independent non-executive director, independent pension trustee and an experienced senior executive from the financial services industry. He a trustee director of the Lloyds Banking Group’s primary defined contribution pension scheme and chair of the group’s DC investment committee.
Aviva also confirmed the appointments of Marcia Campbell and Robert Talbut as independent members.
Ms Campbell is an independent non-executive director with over 25 years’ experience in the financial services industry and is currently on the board of Sainsbury’s Bank, while Mr Talbut has over 30 years’ asset management and insurance experience and was executive director and chief investment officer for Royal London Asset Management between 2004 and 2014.
Brian Gabriel, director of corporate pensions and business solutions, and Craig Hunter, existing business commercial director, have also been appointed as internally-nominated members of the IGC.
IGCs are being established by firms to provide additional governance for savers in workplace pensions, after the regulator confirmed they will become mandatory from pension freedom day on 6 April.
One of their main tasks this year is to review older pension arrangements, based on the independent review carried out in 2014, keeping tabs on exit charges and other fees, whilst making sure they offer the full suite of retirement options.
Mr Dhingra added: “I am confident that with the depth and breadth of experience on the IGC, we will ensure good oversight on value for money and good outcomes for Aviva’s clients and members.”
The provider is the latest of its peers to announce the members of its IGC in time for next week’s pension freedoms. Yesterday Standard Life named its board, following Friends Life, Zurich, Aegon and Fidelity in recent weeks.