Non-Executive Director (NED)
Croydon Head Office and Cannon Street, London
£18,000 per annum
Commitment: Non-Executives are typically expected to commit around 26 days' work with 8 Board meetings plus committee meetings in a year
Closing Date: The deadline for applications is 12.00 (noon) on 21 June 2024.
We're a public corporation, set up by the Pensions Act 2004 and run by an independent Board. Our purpose is to protect the future of millions of people throughout the UK who belong to defined benefit pension schemes. When these schemes fail, we're ready to help. We do this by paying our members, charging a levy and investing for the long term.
We're equivalent in size to a top 5 UK pension scheme, with assets in excess of £32bn, and have developed a highly sophisticated, best-in-class investment strategy. Our culture combines private sector standards with a public service ethos.
In 2024, we have had considerable industry engagement as we have taken on board the Department for Work and Pension's (DWP) review recommendations for the PPF to work with the Government to explore opportunities to use our capabilities and skills for wider public benefit.
The Pension Protection Fund is looking for 2 new Non-Executive Director's to support the future development, direction, leadership, reputation and conduct of PPF's business.
Position 1:
Significant experience, ideally working as a CEO in a transformation context from either private or public sectors, within a fairly similar sized organisation (PPF is c.450 employees).
Position 2:
Significant experience, ideally working as a qualified actuary familiar with pension scheme funding, pricing of assets and liabilities and setting assumptions.
Non-Executive Members make up the Non-Executive Committee of the Board and provides an independent oversight on the governance and strategy of the organisation and is expected to play an active role in ensuring that the PPF operates effectively and efficiently. The Board and its members are accountable for the discharge of the responsibilities set out in the legislation.
This includes the duty to monitor the organisation's financial controls, and to contribute to the strategy of the Board. In addition, it has input into the appointment of Executive Directors and to setting their remuneration, subject to the approval of the Secretary of State for Work and Pensions. It produces a report on these non-executive functions which is included in the annual report.
To find out more about these opportunities and to be considered, please click apply.