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Independent Governance Committee

Zurich has established an Independent Governance Committee (IGC) to work in the interests of members of its workplace pension schemes.

The role of the Independent Governance Committee (IGC) is to assess the value for money provided by Zurich for people like you who are saving for retirement.

We will act solely in your interests and will operate independently of Zurich. To work out how to measure value for money we asked people like you what they thought was most important about pension schemes. You told us it was the ultimate outcome that really matters, but you gave us clear insights about how you thought we should assess progress to delivering a good outcome, in particular that:

1. The Company is adhering to the appropriate rules and regulations;
2. The service is good when compared with other sectors, such as water or energy companies, not just when compared with the service of other pension providers;
3. Prices are competitive, and where prices are higher than expected there is a good reason for this; and
4. The Company does its best to achieve good outcomes for you through its investment on your behalf and helps you to make the right decisions to achieve better outcomes;

The IGC challenges Zurich on the way they compare with the rest of the pensions market, including on the costs they charge you and the profits they make. We also assess, and where necessary, challenge them on the value for money of workplace personal pension schemes using this guidance.

I hope the work we do will help to give you confidence in Zurich as your pension provider and encourage you to engage more in the decisions you need to make about your pension.


Anna Bradley, Chair of the Zurich IGC

Who is on Zurich UK's IGC?

The Zurich Independent Governance Committee is wholly independent, as measured against the guidance on independence set out by the Financial Conduct Authority. 

Anna Bradle

Anna Bradley, Chair

Anna is a long-standing consumer advocate. Anna worked at Which? for many years, and is a former CEO of The National Consumer Council. Anna also chairs a number of other regulatory and consumer oversight bodies in other sectors including in rail, water and payments.
Laurie Edmans

Laurie Edmans CBE

Laurie has wide experience in leading pensions and life assurance businesses and was a founder board member of NEST, of the Pensions Regulator and of the Money Advice Service. He chairs the defined contribution pension plan for Reach Plc, formerly Trinity Mirror plc. He was appointed CBE in 2006 for services to pensions reform.
Ken Hogg

Ken Hogg

Ken Hogg is a fellow of the Institute and Faculty of Actuaries with more than two decades of executive experience in the life insurance industry. Ken took up the role of CEO of Chesnara UK in 2016. Ken was also formerly a Director of the Insurance Sector at the Financial Services Authority – the predecessor of the Financial Conduct Authority.
Mark

Mark Thompson

Mark brings thirty years of investment management experience and is the Chief Investment Officer of HSBC Bank Pension Trust (UK) Limited. Mark previously held a number of senior investment roles at Prudential / M&G Investments and was also a Trustee of the Prudential's UK Pensions Scheme.
Robert Laslett

Robert Laslett, CBE

Robert brings extensive regulatory experience to the IGC, as a previous director at the Office of Fair Trading and the Department for Work and Pensions, where he was also Chief Economist for Pensions. Robert is also a member of the Civil Aviation Authority Consumer Panel.

The IGC Chair produces an annual report as a public document making the IGC’s work transparent to scheme members and other stakeholders.

The Terms of Reference for the IGC sets out the role of the committee, and the rules and procedures by which it operates.

You can get in touch with the IGC by emailing them.

email icon Email Independent Governance Committee

© Zurich

Zurich Insurance plc, a public limited company incorporated in Ireland. Registration No. 13460.Registered Office: Zurich House, Ballsbridge Park, Dublin 4, Ireland. UK Branch registered in England and Wales Registration No. BR7985. UK Branch Head Office: The Zurich Centre, 3000 Parkway, Whiteley, Fareham, Hampshire PO15 7JZ. Zurich Insurance plc is authorised by Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our authorisation by the Financial Conduct Authority are available on request. Our FCA Firm Reference Number is 203093.

Zurich Assurance Ltd, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales under company number 02456671. Registered office: The Grange, Bishops Cleeve, Cheltenham, GL52 8XX.