NAPF Retirement Policy Council elects Ruston Smith as new chair
Ruston Smith has been elected as the next chairman of the Retirement Policy Council of the National Association of Pension Funds (NAPF).
He is the group pensions and insurable risk director of Tesco. Mr Smith will take over from Joy Moore as chairman of the Retirement Policy Council when her two-year appointment ends at the NAPF annual general meeting in Manchester on 21 October 2011.
The Retirement Policy Council is one of the main bodies through which the NAPF develops policies on behalf of its members.
Commenting on his appointment, Mr Smith said: “I'm delighted to have been appointed chairman of the Retirement Policy Council. The NAPF plays a vital role in supporting and representing the pensions industry and it’s a privilege to play an active part in that.”
Mr Smith was elected by the 19 members who form the Retirement Policy Council. Together with the NAPF Investment Council, the Retirement Policy Council develops and agrees policies on behalf of 1200 NAPF members.
Ruston SmithRuston joined Tesco as group pensions director in December 2002. In this role he is accountable for the running of the group's schemes including the investment of their award winning UK pension scheme's £5.5bn assets. The UK scheme has the largest number of employed members in the private sector with over 167,000 employed members, and 284,000 members in total. He is also accountable for the strategic development of the pensions policy of Tesco on a global basis. In May 2007, Ruston also became director of group insurable risk responsible for group insurance and risk financing.
Before joining Tesco Ruston was a director and company secretary at PZ Cussons. He has an MBA from Manchester and is an Associate of the Pensions Management Institute and a Fellow of the Institute of Management.
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Author: Pensions World
Pensions World is the leading monthly magazine for pensions professionals published by Butterworths Tolley.
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