Vanguard’s Andrew Marker has succeeded Tom McPhail as chair of the not-for-profit STAR Steering Group after McPhail left the industry in June.
Marker is head of retail pensions at Vanguard Asset Management and STAR said he has extensive technical experience in both retail and occupational pensions after a 25-year career in pensions.
McPhail left the industry on 1 June after a lengthy stint at Hargreaves Lansdown. He was the first chair of STAR, which aims to specify good-practice targets in pension transfer business.
STAR is made up of senior industry figures and is overseen by the Financial Conduct Authority, the Department for Work and Pensions, The Pensions Regulator and other consumer groups.
Throughout his career Marker has worked with UK regulators, and through various trade bodies has helped to shape the UK retail pension regulations.
As head of retail pensions for Vanguard in the UK, he is responsible for the retail pension product design and implementation. In addition, he represents Vanguard at various trade body working groups and committees that cover the retail investor and retirement market.
Marker said: "I am committed to taking a stand for retail investors, ensuring they are treated fairly and giving them the best chance of investment success. I am also firmly committed to the time I need to dedicate to achieve this.
"I strongly believe in the development of a robust set of transfer standards adopted by all within the industry and the importance this will play in the success of the financial services within the UK market."
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