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13 December 2004 - David Norgrove announced as first chair of The Pensions Regulator

The first Chair of the new Pensions Regulator (TPR) has today been confirmed as David Norgrove, who was most recently an Executive Director of Marks and Spencer.

The appointment was announced by the Secretary of State for Work and Pensions, Alan Johnson.

Mr Johnson said:

“I am delighted that David Norgrove has agreed to take on this important role. He has a strong track record in both the public and private sectors and will bring highly relevant skills, knowledge and experience to the crucial task of regulating work based pensions.

“For the new regulatory body to succeed in its statutory objectives of protecting members' benefits, improving standards of administration and limiting calls on the Pension Protection Fund, it is crucial that we have an active and engaged Chairman who is able to help the organisation to meet the strategic and operational challenge of regulating in a proportionate and pro-active way.”

Mr Norgrove will take up his new position in January and his first task will be to lead the selection of the non-executive Board members for the new body.

Mr Norgrove said:

“I am very pleased to be taking this role as first Chair of the Pensions Regulator. As Chair of the Marks and Spencer pension scheme for the past few years I appreciate the scale of the issues faced both by those who are regulated and by the new regulator. The need now is to develop a clear, risk based approach which recognises the needs of all schemes. I look forward to working with the Chief Executive, staff and Board of the Regulator to achieve this. Key to our success will be our active engagement with all those involved in the provision of work based pensions.”

Notes for editors

  1. David Norgrove began his career in H M Treasury, first as an economist then as an administrator. His time there included two years on loan to the First National Bank of Chicago.
  2. He was Private Secretary to Mrs Thatcher from 1985 to 1988, when he joined Marks and Spencer. At M&S he held responsibility for strategy, for the international businesses, in buying, and in new business development.
  3. Appointed to the Board of M&S in 2000, his final post within the organisation was with responsibility for clothing. He retired earlier this year.

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