The Pension Protection Fund (PPF) has today confirmed that Stephen Wilcox has joined the organisations as its new Chief Risk Officer. Stephen will be responsible for all the PPF’s risk functions.
Oliver Morley, Chief Executive of the Pension Protection Fund commented: “I’m delighted to welcome Stephen as our new Chief Risk Officer. We can only continue to properly serve our members and levy-payers by appropriately managing the risks we face. As the PPF continues to grow and evolve, identifying and managing those risks will only become more important. Stephen’s proven expertise and leadership will ensure we remain committed to best practice in risk management.”
Stephen Wilcox added: “I’m excited to be joining the PPF as Chief Risk Officer. I’ve been impressed by how I’ve seen the PPF develop and grow into a mature and established organisation in often challenging times. I look forward to playing my part in further embedding a high calibre framework for risk management at the heart of the PPF’s mission, providing a valuable safety net for millions of pension scheme members.”
Stephen brings over 20 years of actuarial and risk management experience to the PPF, having previously held the role of Chief Risk Officer at Allianz Insurance, one of the UK’s leading general insurers. With Allianz he successfully set up the first comprehensive risk team and implemented its approach to Solvency II. A Fellow of the Institute of Actuaries and a Chartered Enterprise Risk Actuary, he continues to be active in the actuarial profession.
Stephen Wilcox replaces Hans den Boer who left the PPF after three years of service.
The Pension Protection Fund:
The Pension Protection Fund protects millions of people throughout the United Kingdom who belong to defined benefit pension schemes. If their employers go bust, and their pension schemes cannot afford to pay what they promised, the PPF will pay compensation for their lost pensions. Tens of thousands of people now receive benefits from the PPF and hundreds of thousands more will do so in the future. The PPF is a public corporation, set up by the Pensions Act 2004, and is run by an independent Board.
For further press information contact:
PPF Press Office
020 7566 9775