(November 22, 2013) — The CEO of one of the most progressive pension funds in the UK is to retire by the end of next year, it has been announced.
After 16 years at the helm of the Superannuation Arrangements of the University of London (SAUL), Penny Green will retire to focus her energies on independent trusteeship, the pension fund said today. She will continue to be involved in the strategic direction of STC Pension Management Ltd—the fund’s pension administration company—to ensure the continuity of its service to third-party clients.
“Through Penny, SAUL has become a multi-award winning pension scheme for its innovative investment strategy, high-quality governance and for the quality of the service we provide to our members,” said Dr Dennis Buckley, chairman of SAUL. “Penny has built immensely solid foundations for the future development and expansion of SAUL.”
Last year, SAUL announced that it had embarked on an liability-driven investment drive and in March the fund, along with the Royal Mail and telent pensions, created an index with Russell to try and measure and monitor scheme governance.
At this year’s aiCIO European Innovation Awards, Green was nominated as CIO/Investment Head of the Year and SAUL was a runner up in the Corporate/Industry Pension Scheme Below €5 Billion category.
Read what Green told aiCIO about the lessons pensions have—and have not—learnt from the financial crisis here.
Related content: Profile of SAUL’s Head of Investments Kevin Wade