UK’s £29bn Railways Pension Scheme names new trustee chair
Chris Hannon has been appointed chair of the trustee board for the UK railways sector’s £29bn (€33.5bn) pension provider.
He will replace John Chilman, who will become the new chief executive of RPMI Railpen, the in-house manager for the Railways Pension Scheme (RPS), in the summer.
As the new chair of the trustee board, Hannon will oversee the stewardship of RPS, RPMI Railpen, and the scheme’s pension administration business.
He has been a trustee director of the RPS since 2005 and is also pensions director for the UK and European region companies of Genesee & Wyoming, a US owner and operator of freight railroads.
Previous experience includes 12 years as head of pensions at Network Rail, where he was responsible for the management and operation of the UK rail network operator’s defined benefit and defined contribution schemes.
Hannon’s appointment will be effective from next Tuesday, 19 March.
Trustee director John Mayfield, who oversaw the selection process, said: “Chris’ vast knowledge and experience of the RPS and the pensions industry in general is undoubted.
“His contribution since 2005 as a trustee has been enormous and we’re delighted at his appointment. He has the full support of his fellow trustees and is committed to our mission of paying members’ pensions securely, affordably and sustainably.”
Hannon said: “I’m delighted to be taking up the role as chair and thank my fellow trustees for their support and confidence.
“I look forward to bringing continuity of support and focus for those members, developing strong partnerships to ensure we continue to deliver against our mission.”