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Border to Coast expands board with two non-executive directors

border_to_coastUK public sector pension pool Border to Coast has appointed two non-executive directors to its board.

Kate Guthrie, currently group human resources director with Virgin Money UK, becomes chair of the remuneration and nominations committee, replacing Enid Rowland who is stepping down after three years in the role.

Meanwhile Anne Walsh, a councillor on South Tyneside Council and also vice chair of the Tune and Wear Pension Fund, replaces the retiring Jeff Watson as a partner fund nominee on the board.

Border to Coast is one of the UK’s largest pension pools comprising 11 local government pension schemes and around £46 billion (€50.7 billion) in assets.

The latest additions bring the total number of board members to eight with a gender balance of five women and three men.

Gender balance has been a topical item in the UK pension sector of late after a survey revealed a gender pay gay among UK retirees. 

According to the research from workplace pension scheme Nest, the average woman working full-time could be £41,000 worse off than their male counterpart by the time of retirement (£137,863 compared to £178,871).

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