General Insurance Article - Royal London finalises independent governance committee

 IGCs represent the interests of scheme members in assessing the value for money of workplace pension schemes, challenging providers to make changes if needed. Firms that operate workplace pension schemes are required by the FCA (as of 6 April 2015) to set up an IGC, with a clear mandate to act independently of the firm. 

  

 David Gulland has a broad range of experience across the UK life insurance sector, with 25 years’ experience as a consultant followed by senior executive roles within the life insurance industry. He is currently Chief Executive Officer of Marine & General Mutual and was previously UK Managing Director of Reinsurance Group of America. Between 1983 and 2009, David worked for Bacon & Woodrow, whose actuarial business merged with Deloitte & Touche in 2000. He is also a Non-Executive Director of Investment & Life Assurance Group, a trade body representing members from the life insurance and wealth management industries.

  

 Peter Dorward has solid experience both in life insurance and institutional investments, having worked across a broad range of disciplines, including business leadership. He was Chief Executive of SWIP’s Saudi Arabian joint venture business and is now Managing Director of IC Select, a private limited company specialising in the evaluation of providers to UK Pension funds. He currently holds two non-executive roles at the Citizens Advice Bureau – Chairman of the Board of Trustees, Central Borders and

 Non-Executive Director, Scottish Borders Consortium. 

  

 Commenting on the appointment Phil Loney, Royal London Chief Executive said:

 “I am pleased with the progress and direction of our Independent Governance Committee. Independent members Phil Green, David Gulland and Peter Dorward join Royal London’s Isobel Langton and Jon Macdonald in the important role of safeguarding the interests of the members of company pension schemes.”