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".

Continue

Twitter board

Follow us
  • Friday View: Piecing together the pooling puzzle- DGF Roundtable - Royal Mail names pensions boss -LGPS Central sel… https://t.co/DPfZ3WUv6K2 days ago
  • portfolio institutional is launching a new series on LGPS pooling, tracking changes to investment strategies and up… https://t.co/Ld04PZ2TNK4 days ago
  • Friday View: ESG: What lies beneath? - Industry backs DWP's ESG push - LGPS Central CEO to step down - Railpen hire… https://t.co/S3knBieob09 days ago
  • Out now- The portfolio institutional September issue feat our cover on ESG: What lies beneath? -Interview: Railpe… https://t.co/x9EYxDVXEl13 days ago
  • Friday View: LGPS pool appoints CIO - Jack Dromey on cost reporting - TPR hires former FCA director - NEST issues p… https://t.co/aNVGQqK35Z16 days ago
  • RT @AonRetirementUK: How prepared is your portfolio? Read a write-up of the discussions at our recent event with @portfolio_inst, along wit…18 days ago
  • "Shadow pensions minister Jack Dromey comments on the need to set compulsory standards for cost reporting." Read m… https://t.co/vH1gGZBm1q18 days ago
  • "Border to Coast, a recently launched £46bn public sector pension pool, has appointed Daniel Booth as its chief inv… https://t.co/AlIwikhgli19 days ago
  • Friday View: Spike in shareholder rebellions - Investors ditch GBP funds - Access launches first  pooled fund - GAM… https://t.co/aFzvBWgsmp23 days ago
  • Join us and HarbourVest Partners for breakfast to discover how access to private companies can provide diversificat… https://t.co/JaRlWiziJl23 days ago
  • "Ian Scott tells Mark Dunne about being back on the buy side, hedge funds, self-sufficiency, the trouble with infra… https://t.co/G0UUF9ldSx24 days ago
  • "Aon has developed an ESG rating system for buy-rated investment strategies which is designed to assess whether and… https://t.co/mstoAc3vr325 days ago
  • "With hedge fund performance improving and pension scheme investment increasing, has more institutional backing res… https://t.co/JVcIEXXKwr30 days ago
  • "The infrastructure repair bill is huge and more and more pension funds are willing to step in and plug the funding… https://t.co/zXy2lbpj6K31 days ago
  • "For investors looking to own sustainable businesses, engagement is the new divestment." Read more here:… https://t.co/YiA28qc6BI32 days ago
  • "Thanks to climate change, pension scheme portfolios are in danger of overheating. So what are trustees doing to pr… https://t.co/8gND4lC1OZ33 days ago
  • RT @eVestment: With research claiming that companies with high #ESG standards make better #investments, are sustainable strategies on the v…37 days ago
  • "The revolution in how investors are assessing companies is gaining momentum. No longer considered niche, responsib… https://t.co/uFCHnMlOux37 days ago
  • Friday View: Beyond bonds: The future of LDI - Responsible investing: Just reward - Just buys DB adviser - Ex Railp… https://t.co/1suOFFSprA37 days ago
  • "An increasing number of pension schemes are adopting a more efficient way of investing." Read more in our in-dept… https://t.co/F6Y0e9DB5E37 days ago

Interviews

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
0

Leave your comment

View our comments policy

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

Friday View

Friday View

Shareholder engagement: