{"id":71795,"date":"2016-06-30T09:41:21","date_gmt":"2016-06-30T09:41:21","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=737733c0d4dfb50f548b7e863bf18c0e"},"modified":"2016-06-30T09:41:21","modified_gmt":"2016-06-30T09:41:21","slug":"press-release-new-chair-of-the-pension-protection-fund-announced","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=71795","title":{"rendered":"Press release: New Chair of the Pension Protection Fund announced"},"content":{"rendered":"
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The PPF<\/abbr> plays a crucial role in protecting members of defined benefit pension schemes following the insolvency of an employer. If a scheme is unable to pay the pension it promised to its members, the PPF<\/abbr> will ensure that compensation is paid.<\/p>\n

Minister for Pensions, Baroness Ros Altmann said:<\/p>\n

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It is vitally important that the PPF<\/abbr> continues the excellent work it has been doing in providing a robust and secure safety net for members whose employer fails and their pension scheme cannot meet its pension debt.<\/p>\n

I look forward to working with Arnold Wagner who has been with the PPF<\/abbr> for 5 years and is already familiar with its operations in protecting defined benefit pension schemes. He takes up the post following the retirement of Lady Judge, and I\u2019d like to thank her for the dedication she brought to the role and wish her every success in the future.<\/p>\n<\/blockquote>\n

Arnold Wagner said:<\/p>\n

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I am delighted to be appointed as the new Chair of the Pension Protection Fund. I\u2019d like to thank Lady Judge for her excellent leadership of the board and overall contribution to the PPF<\/abbr> over the last 6 years, and wish her well as she moves on to new roles.<\/p>\n<\/blockquote>\n

The chair\u2019s role is to lead the board in formulating the PPF<\/abbr>\u2019s strategy and to ensure that fellow board members have the skills and resources necessary to operate effectively.<\/p>\n

The Pension Protection Fund<\/a> is a public corporation of the Department for Work and Pensions.<\/p>\n

Biography<\/h2>\n

Arnold Wagner OBE is a former Director of Human Resources at Smiths Group PLC. He has also served as a Non-Executive Director at the UK Atomic Energy Authority, where he chaired the Remuneration Committee, and in the private sector.<\/p>\n

Arnold has had extensive involvement in pensions throughout his career. He was appointed a Non-Executive Director of the PPF<\/abbr> in 2011 and is currently Senior Independent Director and Chair of the Remuneration Committee.<\/p>\n

Arnold has also been active in voluntary and charitable work in the social care and education sectors, and he was awarded an OBE in 2002 for his services to education.<\/p>\n

Contact Press Office<\/h2>\n

Media enquiries for this press release \u2013 0203 267 5124<\/p>\n

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Press Office<\/h3>\n
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\nCaxton House
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\nTothill Street<\/span>
\nLondon<\/span>
\nSW1H 9NA<\/span>\n<\/p>\n

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\n London Press Office (national media and London area enquiries only \u2013 not questions about personal claims)<\/span>
\n 020 3267 5144\n <\/p>\n

\n Out-of-hours (journalists only)<\/span>
\n 076 59 108 883\n <\/p>\n

\n England and Wales (local media enquiries)<\/span>
\n 029 20 586 then 097 or 098 or 099\n <\/p>\n

\n Scotland (local media enquiries)<\/span>
\n 0131 310 1122\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Follow DWP<\/abbr> on:<\/p>\n