Chief executive to step down in early 2018

Alan Rubenstein will step down from his role as chief executive of the Pension Protection Fund (PPF) in early 2018. He has held the post since 2009.

“I have decided that the time is right to seek a fresh challenge,” Rubenstein said, adding that he was “enormously proud” of the progress the PPF has made during his tenure.

Arnold Wagner, chairman of the PPF praised Rubenstein’s achievements with the PPF, saying that he will leave the PPF “in a strong position, well placed to continue to protect the millions of the people in the UK who belong to defined benefit pension schemes.”

Hugh Nolan, director at Spence and Partners and president of the Society of Pension Professionals said that the PPF would have some “big shoes to fill” when Rubenstein leaves. “Under Alan’s stewardship, the PPF has generated a healthy funding position and remains on track to reach self-sufficiency status by 2030, which is a remarkable achievement.””

Rubenstein has been a regular fixture in Pensions Insight’s Top 50 people in pensions, including the 2017 list. 

His successor has yet to be announced.