Joanne Segars will resign as CEO of the Pensions and Lifetime Savings Association, said a spokeswoman for the association.
Ms. Segars will remain until the end of June to complete existing projects. Julian Mund, commercial services director, will assume executive duties until the association identifies a permanent successor, said a news release Thursday.
The spokeswoman said the board of the PLSA is taking time to identify and recruit the right successor.
Ms. Segars has been CEO for more than 10 years, and will pursue a portfolio career. “I have enjoyed my time at the PLSA enormously, but after 12 years it is time to move on. I’ve been privileged to lead fantastic colleagues and members who work tirelessly to provide millions of people with better retirement incomes,” said Ms. Segars in the release.
Among her achievements are the creation of the Pension Quality Mark, an industry standard for defined contribution plans in the U.K.; and the establishment of the Pensions Infrastructure Platform, which aims to facilitate and increase U.K. infrastructure investment by pension funds.
The association has 1,300 plan members and represents £1 trillion ($1.25 trillion) in assets.