National Association of Pension Funds
| Motto | Securing the future of pensions |
|---|---|
| Formation | 1923 |
| Legal status | Non-profit company |
| Purpose | Pension funds in the UK |
| Location |
|
|
Region served
|
UK |
|
Membership
|
Over 1,300 pension schemes and 400 businesses |
|
Chief Executive
|
Julian Mund |
|
Main organ
|
Board (Chairwoman - Lesley Williams) |
| Affiliations | Pension Quality Mark (PQM) Pensions Infrastructure Platform (PiP) |
| Website | PLSA PQM PiP |
The Pensions and Lifetime Savings Association (officially National Association of Pension Funds Ltd and formerly known as NAPF) is a Trade association for those involved in designing, operating, advising and investing in all aspects of workplace pensions.
The Pensions and Lifetime Savings Association claims to represent 1,300 pension funds which together provide pensions for 22 million people and have more than £1000 billion of assets. Members' pension schemes include defined benefit, defined contribution, group personal pensions and statutory schemes such as those in Local Government.
The Association's membership also includes 400 businesses that provide services to pension funds. These include investment managers, law firms, actuarial consultancies and administrators.
Describing itself as the voice of workplace pensions, it aims to help pension professionals run better pension schemes, and to represent its membership "in Westminster, Whitehall and Brussels," advocating for regulation and policies that that it considers in the interest of its membership and the industry. It also provides events, training and publications, and works to build confidence in the pensions industry.
The Association promotes the interests of pension funds by lobbying government and regulators (such as the Pensions Regulator, the Financial Conduct Authority and EU institutions). It undertakes various research projects covering different aspects of pensions including the size and structure of UK defined benefit and defined contribution schemes, trends in longevity and the changing nature of retirement.
Membership of the Association is open to any organisation providing any form of retirement provision for employees and to those providing professional advice and services to pension schemes.
It hosts a number of seminars and conferences throughout the year which aim to keep members up-to-date with developments in the pensions industry. The Association also provides various training for members through its Training Academy and policy-related ‘teach-in’ events.
The Association is a not for profit organisation run by the Association's Board and governed by a Constitution.
The Chairman of the Board is Lesley Williams, Group Pensions Director at Whitbread. She is responsible for corporate pensions strategy and to the Trustee Company for the operation of the Pension Fund and its investments. She has held a non-executive directorship / director role at the Association since 2011 and is currently Chair of its Defined Contribution Council.
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Wikipedia