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The Pensions Regulator appoints three non-executive directors

Ref: PN20-08

Issued: Monday 2 March 2020

The Pensions Regulator (TPR) today announces the appointment of three non-executive directors to its Board by the Secretary of State for Work and Pensions.

Chris Morson and Katie Kapernaros will be appointed to the Board on 1 April along with the reappointment of Sarah Smart following an open competition. The appointments are for four years.

They fill vacancies created by the departures of Margaret Snowdon and Tilly Ross whose terms of office will shortly come to an end.

Chair of The Pensions Regulator, Mark Boyle, said: “I warmly welcome the appointment of Chris and Katie and I’m very pleased to be continuing to work alongside Sarah.

“Chris and Katie have significant experience in making the most effective use of data and dealing with large-scale technological change. This will be of particular value as we work to support internal system changes and external initiatives, such as the development of a pensions dashboard and the better use of data.

“I also thank Margaret and Tilly for their four years of very valuable contributions particularly in support of TPR’s transformation into a clearer, quicker and tougher regulator.”

Notes for editors

  1. Chris Morson was appointed a non-executive board member and Audit and Risk Committee member at DVLA in 2013 and re-appointed in 2016. He was appointed a non-executive Board member at HM Land Registry in 2018. Chris was a non-executive director at the Money Advice Service. He has spent much of his career in financial services and specialised in digital transformation at scale as managing director of the digital business of RBS/NatWest and at Virgin Money.
  2. Sarah Smart is an experienced non-executive director and independent trustee. A chartered accountant, she holds a portfolio of non-executive and advisory positions. She is senior independent director and chair of the Audit Committee for TPR and independent member of the Unilever Pension Scheme Investment and Funding Committee and chairs the Financial Times Pensions Governance Committee.
  3. Katie Kapernaros is an experienced IT executive, spending most of her career at IBM, managing large teams and budgets. She now has a portfolio of non-executive roles in the public sector, covering digital, property and health organisations.
  4. The remuneration is £17,992 for a minimum of 26 days per year. These appointments have been made in accordance with the Office of the Commissioner for Public Appointments Code of Practice.
  5. The Pensions Regulator is the regulator of work-based pension schemes in the UK. Our statutory objectives are: to protect members’ benefits; to reduce the risk of calls on the Pension Protection Fund; to promote, and to improve understanding of, the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of the regulator’s functions under Part 3 of the Pensions Act 2004 only).

Press contacts

Matt Adams

Senior Media and Parliamentary Manager
01273 662086

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