The Pensions and Lifetime Savings Association (PLSA) has today (25 July) announced acting chief executive Julian Mund will take over the role permanently from 1 August 2017.
His appointment follows the successful tenure of Joanne Segars, who stepped down in April after 12 years of service and over 10 years in the top job.
The PLSA has a membership of more than 1,300 pension schemes, encompassing 20 million savers, covering an industry with £1trn in assets and 400 businesses providing services to the industry.
Mr Mund joined the PLSA in September 2013 as commercial services director. According to the trade body he has been instrumental in growing the organisation’s commercial income by 29 per cent and improving the quality and breadth of the PLSA’s offering.
Prior to joining the PLSA, Mr Mund worked at the Chartered Institute of Public Finance and Accountancy (CIPFA) for 16 years, most recently acting as director of markets and product development, as well as at the Department for Education.
Commenting on his appointment, Mr Mund said: "As chief executive, I want us to champion and focus on the areas that matter most to our members, and help us to provide a strong foundation for people’s retirement income.
"The PLSA has a dedicated and extremely capable workforce, and I am really looking forward to us driving the organisation forwards.”
Lesley Williams, current chair of the PLSA, said: “Having worked closely with Julian over the last few years, I am delighted to welcome him as chief executive of the PLSA.
"As an organisation that speaks about the importance of good governance, we considered who would be the most appropriate fit for the role as well as consulting our strong succession plans and Julian’s appointment is a result of those.
"He has successfully led the PLSA team during a very uncertain time, ensuring stability and the continuity of our work. I look forward to working closely with Julian to build on this success in the future.”
David Fairs, pensions partner at KPMG and former chairman of the Association of Consulting Actuaries, said Mr Mund's appointment is good news, as pensions has never faced a more turbulent background.
"A review of auto-enrolment, possible changes to the defined benefit landscape following the pensions green paper, increased focus on member outcomes, transparency and charges as well as a tightening of the regulatory framework.
"Against that backdrop, the PLSA will need strong leadership which Julian has demonstrated he can provide."