Defined Contribution

People’s Pension provider picks director of policy and external affairs

Gregg McClymont was named director of policy and external affairs at B&CE, provider of The People's Pension, West Sussex, England, a multiemployer defined contribution plan.

The firm has been looking to hire a "renowned policy expert who can have an impact in both the pensions and health sectors" since the departure of Darren Philp, who had been director of policy and market engagement, a spokeswoman said in an email. Mr. Philp left earlier this year and will join the about 80 million ($106.1 million) multiemployer DC plan Smart Pension, London, in September as head of policy.

"We are delighted to have recruited (Mr. McClymont) to lead the organization's policy and external affairs team, overseeing relationships with external stakeholders including policymakers, media and trade associations on money and health matters," the spokeswoman added. Mr. McClymont will join the 4 billion plan in July.

Mr. McClymont's "commitment to delivering better retirement savings outcomes for working people is well-recognized throughout the industry and in Parliament," Patrick Heath-Lay, CEO of B&CE, said in a news release. "He has been a tireless supporter of automatic enrollment and a vocal campaigner for improved pensions options for U.K. workers. As a not-for-profit organization, this aligns with B&CE's aims and values, and we are thrilled to be able to benefit from his extensive policy experience and industry expertise."

Mr. McClymont was head of retirement at Aberdeen Standard Investments. A spokesman said his responsibilities will be shared among the firm's enlarged distribution team.

Prior to Aberdeen, Mr. McClymont was the shadow pensions minister.