Regulation

U.K. Pensions Regulator appoints executive director of strategy, risk

Jo Hill was named executive director of strategy and risk at the U.K. Pensions Regulator, effective Nov. 1, a spokeswoman said.

The position is new. Ms. Hill will be responsible for building a tougher regulatory approach to ongoing oversight of some the highest risks across defined benefit and defined contribution plans. Ms. Hill will also lead an initiative of making better use of data to look for emerging risks.

"Under our TPR future program, we have made great strides in developing and implementing a new, more proactive culture and approach to regulation and I am confident (Ms. Hill) will ensure our clearer, quicker and tougher strategy continues to have an impact. The effective use of data in the early detection and mitigation of risks is crucial and through her wealth of experience and knowledge in this area, she will help maximize our effectiveness as we strive to make workplace pensions work for savers," said Mark Boyle, chairman of the regulator, in a news release.

Ms. Hill worked as director of market intelligence, data and analysis at the U.K. Financial Conduct Authority. A spokesman could not be reached for comment on a replacement.