Pension consolidator names former OMGI as trustee chairman

Richard Wohanka will chair The Pension Superfund’s trustee board, working alongside professional firm 2020 Trustees to safeguard members’ benefits.

Currently chairman of the Nuclear Liabilities Fund and formerly of Old Mutual Global Investors (now Merian Global Investors), Wohanka holds several non-executive director roles, including at Embark Group, of which he is the largest shareholder.

Antony Miller, who is chief executive of 2020 Trustees, will also sit on the board, and the pair will be joined by a third independent trustee in the future.

The board will be “completely independent” and tasked with “maintaining the highest standards of governance and safeguarding member benefits”.

“I’m delighted to be asked to take this role and be part of an organisation which aims to improve members’ retirement benefits as well as protect them. Our approach will be to manage pensioners’ funds in a way to enrich and secure their retirement and am looking forward to helping realise these objectives,” Wohanka (pictured) said in a statement.

The Pension Superfund was launched in March, when plans were announced to create a vehicle to accept bulk transfers from DB plans and consolidate them into one occupational pension scheme.

Chief executive Luke Webster said the appointments would build the consolidator’s governance and leadership strength.

“We will continue to strengthen the team with further appointments in the future, including the recruitment of a third independent trustee, to ensure first-class leadership and governance,” he added.

Wohanka and Miller will now commence the recruitment process for a third independent member of the board.

ABOUT THE AUTHOR
Pedro Gonçalves
Pedro Gonçalves is Financial Correspondent at International Investment.

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