Standard Life Assurance Limited today announces three new board appointments to the Standard Life Master Trust Co Ltd (SLMTC). The SLMTC board looks after more than 250,000 members*, with the Standard Life Master Trust schemes having combined assets of over £5.5 billion*, making it among the biggest in the UK.
The three new board members, Catherine McKenna, Andrew Davies and Caroline Escott, bring a depth and breadth of knowledge to the Board, including ESG expertise. They will join Rene Poisson, who has been reappointed to the Board, and the current Chair, Richard Butcher. These new board members are replacing Francois Barker and Stella Girvin who stepped down from the SLMTC Board in January 2020 and Ruston Smith who steps down this month.
As the scheme trustee, the SLMTC works in the interests of the Standard Life Defined Contribution Master Trust (SLDCMT) and Stanplan A pension scheme members. In June 2019, Standard Life Assurance Limited’s two Master Trust schemes were among the first schemes to receive authorisation from The Pensions Regulator.
Richard Butcher, who is the chair of the SLMTC said of the appointments: “I would like to thank Francois Barker, Stella Girvin and Ruston Smith who have worked hard to protect the interests of members in the two pension schemes. The new members, Catherine, Andrew and Caroline, bring with them a wealth of experience and have been selected to ensure that the board possesses a diverse range of skills and knowledge and that it is well equipped to ensure that the schemes continue to deliver good outcomes and value for money for members.”
Jenny Holt, Proposition Director at Standard Life, said: “These appointments will further enhance the board’s diversity of thought and strengthen its depth of knowledge, especially given the expertise being brought to the table in areas such as ESG and member engagement. We’re looking forward to working with the new board members and in continuing to ensure that the Master Trust scheme members receive good outcomes from their pensions.”
*Figures at 31 December 2019
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Notes to Editors
The SLMTC Board members:
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