UK – Gerry Degaute has been promoted to chief executive of Consignia Pensions Trustees Ltd (CPTL), the management company responsible for the Consignia Pension Plan, formerly the post office pension scheme.

Degaute, who is currently the scheme’s finance director, will take over from current chief executive, Michael Duncombe, who is retiring. Degaute joined the former Post Office pension plan as finance director some fifteen years ago.

The Consignia pension plan currently has some 450,000 members and assets of £16bn (€26bn).