Your Trustee Board is changing………
The Trustee Board of the Combined Nuclear Pension Plan (CNPP) is changing on 1 April 2016. The Trustee Board is the body responsible for the management of the CNPP. New legislation has meant that changes are required to the structure of the Trustee Board and over the last year the Trustee and the NDA have worked together to review this. A new structure has been agreed and both the Trustee and the NDA consider this will strengthen the running of the CNPP.
The current Trustee Board is made up of eight trustee directors: four nominated by the members; and four, including the chair of Trustee, nominated by the NDA. The new structure which will be fully in place from April 2017 and will be made up of nine trustee directors: three nominated by the members; three professional independent trustees; and three nominated by the NDA.
To enable a smooth transition to the new arrangements by 1 April 2017 the Board, for one year only, will be made up of nine trustee directors: four nominated by the members; three professional independent trustees; and two nominated by the NDA.
From 1 April 2016 your trustee directors for the CNPP will be:
- David Illingworth (Chairman of the Trustee) – An independent chairman.
- Ingrid Kirby – An independent trustee, employed by Capital Cranfield Trustees Limited.
- Mike Roberts – An independent trustee, employed by Pan Trustees Limited.
- Ian Driver - An elected Member Nominated Director, formerly employed at Springfields Fuels Limited.
- Jon Ford - An elected Member Nominated Director, employed by Sellafield Limited.
- David Gregory - An elected Member Nominated Director, employed by Sellafield Limited.
- Joyce Corbett - An elected Member Nominated Director, employed by Magnox Limited.
- David Vineall - Human Resources Director at NDA.
- Nigel Lowe - Head of Programme for Magnox Ltd at NDA.
Further information on these changes will be provided in the annual newsletter published in September 2016.