Legal & General has appointed Paul Trickett as the independent chairman of Legal & General’s WorkSave mastertrust.
Trickett joins from Goldman Sachs Asset Management where he was managing director and head of the EMEA global portfolio solutions team.
He previously spent 13 years at Watson Wyatt/Towers Watson where he was head of the EMEA investment consulting business and chaired the board risk committee of Watson Wyatt.
He has also been chief executive of the British Coal pension schemes and worked for the trustee bodies of the two pension schemes in working through the privatisation of the coal industry in the 1990s.
He is also currently a non-executive chairman of the trustee body for the Zurich UK pension scheme and non-executive director of Aberforth Smaller Companies Investment trust.
Trickett says: “I am very pleased to be appointed as the chair of the board of trustees. This structure reinforces benefits of independent trustee governance and I firmly believe this is good news for mastertrust members.”
The WorkSave mastertrust will retain two corporate trustees of Pitmans Trustees and Legal & General trustees.
Legal & General Trustees director Tony Filbin says: “We are delighted to have the benefit of Paul’s knowledge and experience and are confident that this initiative, which is designed to strengthen the independence of the trustees, will further enhance our proposition.”