The Pensions Regulator (TPR) – Charles Counsell will not be seeking a second term as CEO of the UK’s pensions regulator, meaning he will step down at the end of March 2023, TPR said this week. Counsell took up the post of CEO in April 2019 after having spent six years as TPR executive director for automatic enrolment.
TPR chair Sarah Smart said as CEO, Counsell had played a pivotal role in reshaping the regulator as an organisation that “at its heart is now focused on ensuring savers have the best chance of realising the retirement outcomes they deserve”.
Counsell said: “In the face of rapid legislative change, and against a backdrop of the pandemic and challenging economic conditions, I am immensely proud of the work we have delivered. It has been a huge privilege to work with so many dedicated and passionate colleagues.
“Our new 15-year corporate strategy is well-embedded and has led to a fundamental shift in our focus to embrace the changing face of pension saving. From April 2023, there will be an excellent opportunity for a new chief executive to take the strategy into its next phase.”
Still on the agenda for Counsell until he steps down is consulting on the regulator’s new defined benefit code, preparing trustees for dashboards and “pushing on with our work to improve scheme governance and value for money in line with the gathering pace of consolidation”.
AP2 – Mikael Bohman and Rikard Andersson have been appointed as the two newest members of the supervisory board of the Swedish national pensions buffer fund. AP2 said Bohman had been CEO of the bank Sparbanken Västra Mälardalen since 2005, and Andersson had more than 20 years of asset management experience, having been head of equities at SEB Investment Management.