UK - Joanne Segars is to take over from Christine Farnish as chief executive of the National Association of Pension Funds.

The NAPF said Segars, who joined in April 2005 from the Association of British Insurers as director of policy, would become CEO from October 2.

At the ABI Segars was head of pensions and savings. Prior to that, she was senior pensions officer at the Trades Union Congress. She was a board member at the Occupational Pensions Regulatory Authority from 1996-2001 and is a governor of the Pensions Policy Institute.

Farnish had previously announced she was leaving to become director of public policy at Barclays.

"I am delighted Joanne will be filling this post," said NAPF chairman Robin Ellison. "Joanne has been director of policy for the past 16 months, a role she has performed with distinction. The appointment also allows for continuity of leadership at a critical period in the pensions industry."

Segars said: "I am delighted to be taking up this role. Christine will be a tough act to follow, but I look forward to building on her legacy and taking the NAPF from strength to strength."

The news comes as a new report showed that assets under management at the UK's fund management industry rose 7% to $3.5trn.

The figures came in the new edition of International Financial Services London's annual Fund Management report.