Minister for Pensions Torsten Bell has appointed TPR’s Executive Director, Market Oversight, Ben Gunnee to the Board, alongside new Non-Executive Directors Tracey McDermott and Chris Hitchen.
They join the Board at a pivotal time with the Pension Schemes Act 2026 set to significantly reshape the market with a focus on scale, value and good outcomes for members, while the Pensions Commission has recently published its interim report setting out the key challenges facing the system, ahead of its final recommendations in 2027. Following, consultation, TPR plans to publish a refreshed five-year strategy next month setting out the principles and outcomes that will drive its work in this rapidly evolving landscape.
TPR’s interim Chair Kirstin Baker said: “I am delighted to welcome Ben, Chris and Tracey to the TPR Board. They bring strong leadership experience and deep pensions, regulatory and financial services expertise that will complement existing Board skills and support our new Chair Emma Douglas when she joins next month.”
Ben Gunnee, Executive Director, Market Oversight, said: “People expect a secure, sustainable income in retirement. At this vital moment for pensions, I welcome the opportunity to help deliver essential reforms and shape a system that drives strong outcomes for members.
“My focus will be on ensuring market participants have the highest standards of governance, employing a forward-looking and proactive supervisory model to stop harms before they arise.”
Tracey McDermott, Non-Executive Director, said: “I look forward to joining TPR at this important time in pensions, and to using my financial services and regulatory experience to help TPR deliver on its core mission and priorities.”
Chris Hitchen, Non-Executive Director, said: “My longstanding experience representing the pensions industry and working across large, complex schemes, has forged my commitment to better long-term outcomes for pension scheme members, their employers and for the UK as a whole. I look forward to working with the Board and industry colleagues to deliver strong, flexible governance and high standards across the sector.”
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