DEFINED BENEFIT

LGPS Central names CEO

Andrew Warwick-Thompson was named CEO of LGPS Central, Wolverhampton, a pension fund assets pool.

Mr. Warwick-Thompson will start in July, said a news release by LGPS Central. He was executive director for regulatory policy at The Pensions Regulator, said a news release from TPR on Thursday.

LGPS Central brings together nine local government pension schemes in the U.K., with more than £40 billion ($51.8 billion) in assets. In November, the pool was given the go-ahead by the U.K. government to continue work to bring together the assets of the individual funds by April 2018, and is awaiting authorization from the Financial Conduct Authority to manage the assets.

Mr. Warwick-Thompson joined the board of TPR as an executive director in 2013 and was responsible for shaping regulatory policy across defined benefit and defined contribution plans. He also oversaw risk and data functions. The regulator said it will announce a successor “in due course.”

Mr. Warwick-Thompson’s immediate priority will be to quickly build a senior management team, working alongside Joanne Segars, non-executive chairwoman of LGPS Central. Ms. Segars is CEO of the Pensions and Lifetime Savings Association and is leaving in June. Julian Mund, commercial services director, will assume executive duties until the association identifies a permanent successor.

LGPS Central consists of Cheshire Pension Fund, Chester, England; Leicestershire County Council Pension Fund, Leicester; Shropshire County Pension Fund, Shrewsbury; Staffordshire Pension Fund, Stafford; Derbyshire Pension Fund, Matlock; Nottinghamshire Local Government Pension Fund, Nottingham; Worcestershire County Council Pension Fund, Worcester; West Midlands Integrated Transport Authority Pension Fund, Wolverhampton; and West Midlands Pension Fund.