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The Pensions Regulator reappoints two non-executive directors

Ref: PN23-19

Issued: Tuesday 18 July 2023

Two non-executive directors have been reappointed to The Pensions Regulator’s (TPR) Board by the Secretary of State for Work and Pensions.

The Department for Work and Pensions has confirmed that Katie Kapernaros and Chris Morson will be re-appointed as non-executive directors for another four years, starting 1 April 2024. Their first term in the role is due to end on 31 March 2024. Chris Morson will also continue in his role as Chair of TPR’s Audit, Risk and Assurance Committee.

TPR Chair, Sarah Smart, said: “I am delighted that Katie and Chris have been reappointed. They both have a diverse combination of background and skills that will be really important for us as we develop the next phase of our Corporate Strategy and progress our journey to becoming a data led and digitally enabled regulator.”

Commenting on her reappointment, Katie Kapernaros said: “I am very happy to be appointed for another term at The Pensions Regulator. We have much to do in the Transformation and Value for Money space, and I look forward to continuing to add my experience to the great mix of skills we have on the Board.”

Commenting on his reappointment Chris Morson said: “I’m delighted to have the opportunity to continue to serve on the TPR board. I’ll be focussed on helping TPR become more digitally and service focussed to deliver value for money as part of its corporate objectives.

Notes for editors

  1. Katie Kapernaros is an experienced executive in the IT Industry, spending most of her career at IBM, managing large operational teams and budgets. She has lived and worked in Australia, Singapore and the UK, and has managed teams across the world. One of her notable projects was working on the Sydney Olympics.
    She now has a portfolio of non-executive roles in the public sector, covering digital, property and health organisations. She has done a lot of voluntary work in the charity and sports arenas, and is a Fellow of the British Computer Society, where she also volunteers on some of their committees.
  2. Chris Morson has previously been a Non-Executive Director and Audit Committee member at DVLA from 2013-2020, and at HM Land Registry from 2018-2020 where he has been interim chair of the Audit Committee and a member of Remuneration Committee. Chris was previously a Non-Executive Director at the Money Advice Service (now part of Money and Pensions Service), as well as Audit and Risk Committee and Nominations Committee member. He is currently a Non-Executive Director at Royal London Asset Management Limited.
    He has spent much of his executive career in financial services. Most recently, he has specialised in digital transformation at scale, as Managing Director of the digital business of RBS / NatWest, and then at Virgin Money.
  3. The remuneration for Kate’s role is £17,992 for 26 days per year. This appointment has been made in accordance with the Office of the Commissioner for Public Appointments Code of Practice.
  4. The renumeration for Chris’ role is £20,760 for 30 days per year. This appointment has been made in accordance with the Office of the Commissioner for Public Appointments Code of Practice.
  5. The Pensions Regulator is the regulator of work-based pension schemes in the UK. Its statutory objectives are: to protect members’ benefits; to reduce the risk of calls on the Pension Protection Fund; to promote, and to improve understanding of, the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of the regulator’s functions under Part 3 of the Pensions Act 2004 only).

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