What's Happening?
The pensions and employee benefits sector experienced significant leadership changes in 2025, with several key appointments aimed at strengthening defined contribution (DC) and workplace savings strategies. Aegon appointed Antonia Balaam as head of Master Trust, while KPMG brought in Will Aitken to lead its DC pensions and financial wellbeing team. Hymans Robertson named Anthony Ellis as head of DC investment strategy, and L&G appointed Paula Llewellyn as CEO of DC and workplace savings. These moves reflect a broader trend of organizational change and market repositioning within the industry.
Why It's Important?
These appointments highlight the industry's focus on enhancing DC pension offerings and workplace savings strategies, which are crucial for ensuring financial
security for employees. The leadership changes are expected to drive innovation and improve client outcomes, as firms seek to navigate a rapidly evolving pensions landscape. The emphasis on DC schemes aligns with government initiatives to reform the pensions industry, potentially impacting millions of employees and retirees across the U.S.
