Royal London completes governance committee line-up

Royal London completes governance committee line-up

Royal London has appointed David Gulland and Peter Dorward as members of its Independent Governance Committee.

They took on their roles as of 25 March, following the appointment of IGC chairman Phil Green earlier this year.

Mr Gulland is currently chief executive of Marine and General Mutual and was previously UK managing director of Reinsurance Group of America.

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Mr Dorward was chief executive of Scottish Widows Investment Partnership’s Saudi Arabian joint venture business and is now managing director of IC Select. He currently holds two non-executive roles at the Citizens Advice Bureau – chairman of the board of trustees for the Central Borders and non-executive director for the Scottish Borders Consortium.

Phil Loney, Royal London’s chief executive, added that they join the firm’s internal members Isobel Langton and Jon Macdonald in the role of safeguarding the interests of the members of company pension schemes.

IGCs represent the interests of scheme members in assessing the value for money of workplace schemes, challenging providers to make changes if needed. Employers are required by the Financial Conduct Authority as of 6 April to set up an IGC, with a clear mandate to act independently of the firm.

Royal London is the latest of its peers to confirm the full line-up of its committee, following Aviva, Standard Life, Aegon and Fidelity in recent weeks.