The Pension Protection Fund (PPF) has appointed Shalin Bhagwan as its new chief actuary, as of 1 July 2023.
Bhagwan takes over from Lisa McCrory, who has stepped down after 13 years at the PPF.
The PPF stated that Bhagwan brings “extensive pensions, actuarial and investment experience” to the fund, having worked across the sector for many years.
He most recently worked at DWS, where he was head of pensions advisory for five years, leading a team and being responsible for the development of investment solutions for UK pension funds, including the development of pass-through voting for pooled funds and net-zero investment solutions.
Furthermore, the PPF said Bhagwan brings significant liability-driven investment (LDI) management experience, having advised some of the UK’s largest pension schemes, such as RBS, Lloyds and Rolls Royce, on their investment strategies.
He also recently served as a board member of the Institute and Faculty of Actuaries’ Finance and Investment Board, and as an advisory member for the task force to boost socio-economic diversity at senior level in both the financial and professional services sectors.
“We are delighted to welcome Shalin to our executive team at a time of change and challenge for the DB sector,” commented PPF chief executive, Oliver Morley.
“We have important priorities to deliver as part of our strategic plan and we look forward to his contribution to ensure we continue to deliver for those who rely on us.”
Bhagwan added: “The PPF has demonstrated its deep expertise across both asset-liability management and delivering an excellent customer experience.
“It is exciting to join at a time when this expertise is increasingly being recognised for the broader role it can play.
“I am looking forward to working with my colleagues to build on the important role that the PPF has to play in enhancing security for all members of our diverse DB pension fund universe.”
