PensionsFirst Group has appointed David Norgrove to lead the company in the next stage of its campaign to change the way the defined benefit (DB) pensions industry measures and manages risk. Norgrove, who was chairman of the Pensions Regulator from its inception in January 2005 until December 2010, will oversee the company’s continuing push to establish market leadership in pension analytics, as well as its launch of more cost effective insurance-based risk transfer solutions.
Norgrove is currently chairman of the Low Pay Commission, the Family Justice Review Panel and Deputy Chairman of the British Museum. Prior to this, he spent 16 years with Marks & Spencer (M&S) in various roles and was one of five executive directors that planned, communicated and led the company’s turnaround between 2000 and 2002. He went on to be appointed executive director for clothing and international business, responsible for sales of £4bn. He was also appointed chair of the M&S pension scheme – leading trustees through issues associated with Philip Green’s ultimately unsuccessful bid for the company. Norgrove began his career as an economist at the Treasury before becoming Private Secretary to the then Prime Minister, Margaret Thatcher.
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