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  • Pensioners
  • Managing the Fund

Managing the Fund

The Nationwide Pension Fund (the Fund) is managed by a Trustee Company. The Trustee is responsible for ensuring the Fund is run in line with the rules of the Fund, legislation and best practice requirements

The Board meets quarterly but in addition to this there are three Committees who have been delegated responsibility for the more day-to-day operations and who work within a framework of objectives and policies.  

Employer Nominated Directors

Pete Wilkin

Pete Wilkin

Chairman of the Board and Independent Trustee, Member of the Investment & Funding and the Governance Committees

Catherine Redmond

Catherine Redmond

Independent Trustee & Chair of the Investment & Funding Committee

Muir Mathieson

Muir Mathieson

Member of the Investment & Funding Committee

Laura Faulkner

Laura Faulkner

Member of the Operations Committee

Member Nominated Directors

Arthur Amos

Arthur Amos

Deputy Chairman of the Board and member of the Investment & Funding Committee

Rob Goldspink

Rob Goldspink

Chair of the Governance Committee and member of the Operations Committee

Sarah Garrett

Sarah Garrett

Chair of the Operations Committee and member of the Governance Committee 

John Wrighthouse

John Wrighthouse

Member of the Operations Committee

The Team & our Advisors

The Trustee Directors are responsible for the efficient running of the Fund. Some of their day to day responsibilities are delegated, and where necessary the Trustee takes advice from independent professional advisers.

Mark Hedges

Mark Hedges

Mark and his team are responsible for the day to day monitoring and management of the Fund’s investments

Vanessa Roberts

Vanessa Roberts

Vanessa supports the Fund governance, strategy and structure

Legal advisers

Legal advisers

Sacker & Partners LLP

Investment Consultant

Investment Consultant

Aon Hewitt Ltd

Investment & Funding Committee (IFC) – Meets quarterly to:

  • Monitor and implement investment decisions that reflect the strategic investment objectives of the Fund
  • Monitor the performance of the investment managers
  • Monitor the funding position of the Fund
  • Monitor the performance of the Fund against the flight plan and considers the actions required in accordance with the agreed de-risking protocol
  • Negotiates with the Society on the triennial valuation, and any associated deficit recovery plan and the exposure of the Fund to the covenant
  • Monitor all investment & funding risks recommending any necessary controls

Operations Committee - Meets quarterly to:

  • Monitor administration performance and compliance against, and the appropriateness of, the service standards
  • Benchmark the performance of the Administrator
  • Oversee the implementation of all member communications
  • Monitor the annual budget.
  • Monitor all operational risks recommending any necessary controls
  • Monitor and consider Permanent Ill-Health Early Retirement (PIER) processes

Governance Committee – Meets twice a year to:

  • Monitor and review the Trustee Governance structure and the Terms of Reference for all the Committees
  • Monitor the Strategic Plan and the Trustee business plan
  • Review the Trustee Knowledge and Understanding
  • Review and agree the yearly audit plan and draft annual report and accounts
  • Monitor and review of all delegations under the Fund's delegations register
  • Have oversight of the Trustee risk process and undertake an annual review of the risk framework
  • Monitor and review all Trustee policies, agreements and protocol