We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".


Twitter board

Follow us
  • My week on Twitter 🎉: 1 Retweet, 2.63K Retweet Reach, 3 New Followers. See yours with https://t.co/mCw3VcMQGw https://t.co/78tC0GzGXxyesterday
  • Our cover story: CDC: A step into the unknown. Is CDC an unnecessary policy change when effort would be better spen… https://t.co/QGHfTkiPP24 days ago
  • Newton – Trend Setting: The Year Ahead in ESG ''We have seen notable client interest for sustainable products over… https://t.co/OoXVLJ1BMp4 days ago
  • Our Latest ESG feature: EM governance: Breaking through. ''Those calling for better governance in emerging markets… https://t.co/qk0vJpfpJL7 days ago
  • The February Issue is available online now! Our Cover Story - CDC: A Step in the wrong direction. Read more here:… https://t.co/8xwHL9Nd2z7 days ago
  • RT @AonRetirementUK: What do we expect to see in the #ESG market over the next 12 months? Read the results of the @portfolio_inst panel of…7 days ago
  • RT @PensionsSion: What are the pros and cons of building a global #equity portfolio? Find out by reading the @portfolio_inst Global Equitie…13 days ago
  • RT @AonRetirementUK: Outcomes delivered by employer pension schemes now depend more than ever on levels of engagement. Companies must creat…14 days ago
  • Our latest Roundtable: Cash-Flow Driven Investing is now live! Read more here: https://t.co/zBy7Gbiud9 https://t.co/KJTIgVssmG14 days ago
  • RT @BNPPAM_COM: 2017 was one of the most active hurricane seasons on record, causing up to USD 475 billion worth of damage. What are the in…26 days ago
  • RT @PensionsTony: At the Aon London #pensions conference. About to start my workshop on how well #DC schemes are meeting the needs of #memb…26 days ago
  • Andrew Wauchope talks to Mark Dunne about charities and their pension schemes, the secret of being a good trustee a… https://t.co/xcdcxs61QL26 days ago
  • Enter the Dragon : China’s inclusion in the @MSCI_Inc Emerging Market index has caused little excitement, but, as L… https://t.co/oy0EdSI6A828 days ago
  • The @InvescoUKinsti whitepaper: Responsible investing and active ownership. Invesco’s Bonnie Saynay and Henning St… https://t.co/E3Gdh9eDSM33 days ago
  • Charlotte Moore looks at the reaction of financial markets to Brexit has already changed the shape of the relations… https://t.co/6KH9jnWTtq33 days ago
  • RT @AonRetirementUK: Want to know more about the benefits of factor-based investing for your DB pension scheme? Aon’s next Investment Break…34 days ago
  • Learn more about why everyone is talking ESG on our new ESG HUB, where we will be publishing our latest features pl… https://t.co/Dg9FiwCPCn35 days ago
  • 2018: The year of the human?. Cyber crime, greater disclosure, fixed income, people and, of course, climate change.… https://t.co/HMkzWcrFNy35 days ago
  • ''Building a global portfolio of equities could also provide much needed diversification'', discover why in our Glo… https://t.co/y90GhLlmCD35 days ago
  • What is your stance on executive pay? is bigger really better? Read more in our new ESG feature:… https://t.co/cUXMiCDuE560 days ago


Getting to know you: Richard Butcher

Getting to know you: Richard Butcher

Mark Dunne
Friday 17th November 2017

As Richard Butcher becomes chair of the Pensions and Lifetime Savings Association (PLSA) he tells Mark Dunne about his plans for the organisation and how he intends to fight the corner of his members.

“Engage! Engage! Engage! Those are the three things that we have got to do.”

Richard Butcher, PLSA

You have a white-collar boxing match in December. How is the training going?

I’m having a ball. It’s great fun. The adrenalin and the endorphins just kick in. I was training this morning and sparring yesterday. I’m feeling stronger, feeling fitter and getting technically a bit better. I’m going to be in a ring with another bloke who will be trying to take my head off, so I want to make sure I have the advantage over him, if not in technique, then at least in fitness, strength and stamina.

Why are you doing this?

It is just for fun. Every year I set myself a challenge. This time last year I was climbing the Pyrenees. I slept at the height of Ben Nevis in a tent, we had a camp fire and the next day we climbed even higher. This year one of my challenges is to learn to box. When I get through that one, I will move onto the next challenge.

So you like to push and challenge yourself. What drives you?

I enjoy pushing myself physically. It is where I get my buzz from in the same way that some people get it from gambling or
driving fast cars. I get a buzz from physical activity.

Is this why you are taking on the role of chairing the PLSA?

There is a huge amount of work to do to make a sustainable pension system. The PLSA has been central to putting forward good, robust evidence-based policy and regulatory argument to deliver a sustainable pension system that would give people better retirement incomes. I felt that I needed to take on that mantle. I have something to contribute, something to help. I have been involved with the PLSA for six or seven years now through the councils, most recently chairing the DC council. Chairing the association is the next step on from there.

What are the responsibilities behind the title: Chair of the PLSA?

We have council chairs who are going to be driving forward policy. The technical job of the chair of the association is to help the board set the strategic objective and then to drive the executives to deliver that strategic objective.

So a large chunk of the role is business. It is revenue figures, risk management, that sort of thing. A core component part of our strategic objective is to set a policy direction and a long-term policy direction is towards sustainable pensions and lifetime savings that deliver good retirement income for all. Then we have to work with the policy teams to make sure that the policy augment that we develop is consistent with that.

So you are moving into the centre of the many debates that are currently raging within the pensions industry?

Absolutely. At the moment I’m DC council chair, so it is pretty much DC focused. There are some component parts that stretch across, but in the future, yeah, I’m going to be involved in all of it. As you have pointed out, I enjoy activity and energy and pushing myself. There is so much to do. Pension systems have come a long way in the past few years, in part because of the contribution made by the PLSA, but it is still not perfect, it is not optimal so we have a lot of work to do to make sure that we can deliver that optimal system.#

Page: 1 2 3

Leave your comment

View our comments policy

Please login or register with us to leave a comment. It's completely free!