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NAPF appoints Tesco’s Ruston Smith as chairman


The National Association of Pension Funds has appointed Tesco group pensions and insurable risk director Ruston Smith as chairman.

Smith will replace Mark Hyde Harrison in the role when his two-year tenure comes to an end at the NAPF annual general meeting on 18 October.

Smith has held a non-executive role at the NAPF since 2007 and is currently chairman of its Retirement Policy Council.

He says: “As we live and work longer than ever before, our society is redefining what retirement means, and we are shifting away from a traditional and inflexible model where people work one day and retire the next.

“I am truly passionate about encouraging and helping people to save for their future. The pensions industry has an important and exciting role to play, and it can make a real difference to individual lives and the wider economy.

“Over the next few years, automatic enrolment will bring millions of people into pensions, and the NAPF will be working hard to ensure the reforms are a success. 

“Good governance and sensible regulation, which protect savers and focus on maximising retirement income, are vital to build confidence in pension saving.”



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