Royal Mail Pension Plan (RMPP) has appointed Richard Law-Deeks to lead the £10.6bn pension scheme with immediate effect.
Law-Deeks has already held the role of chief executive on an interim basis since February, having spent the previous three years as head of finance at the scheme. He replaces Chris Hogg, who left to join the National Grid Pension Scheme last year.
Prior to joining the Royal Mail’s pension scheme, he worked as, among others, corporate finance & investments manager at Marsh & McLennan and as group accountant for the London Borough of Hackney.
In his role as chief executive, Law-Deeks will continue to oversee the schemes’ transition to a new defined benefit cash balance scheme (DBCBS) in a bid to secure the scheme’s funding commitments.
Joanna Matthews, chair of the Royal Mail Pensions Trustee, said: “Richard understands the demands and challenges that the plan faces and, during the first half of this year, showed great leadership as we began to implement new changes.
“He has a clear vision for the plan that is aligned with the thoughts of both trustees and the sponsor,” he added. “I look forward to working with him in 2018 and beyond.”
