Image: Sarah BatesJohn | The John Lewis Partnership Trust for Pensions
Ticker

John Lewis Partnership Trust for Pensions appoints new trustee chair

The John Lewis Partnership Trust for Pensions has appointed Sarah Bates as Chair of the Trustee from 1 August 2020 and replaces Dame Jane Newell, who has stepped down after being Chair since 2013.

Sarah joins with over 35 years of experience in investment management, which includes specialist expertise in pensions through roles as a Committee member, Trustee and Chair. She has chaired several organisations in the investment and savings sector and is currently an independent member of the Investment Committees of the BBC Pension Scheme and the Universities Superannuation Scheme and was previously Chair of the Pension Fund Investment Committee for Cancer Research UK and Chair of Trustees for the Stena Line (UK) Pension Scheme. She is also a co-founder of the Diversity Project and Chair of the Diversity Project charity.

Sarah’s three year term begins next month and she sits alongside eight other Trustees – four of whom are Partners who were democratically elected by the Partnership’s unique governing authority, Partnership Council – and four others who were appointed by the Partnership Board and are a mix of external Trustees and senior Partners in the Partnership. Each Trustee has a legal responsibility to act in the best financial interests of the members of the pension scheme.

The John Lewis Partnership Trust for Pensions was established in 1942 and is independent of the John Lewis Partnership and a separate legal trust. Membership to the pension scheme is available to all Partners working for the John Lewis Partnership and Partners have access to the Defined Contribution section. The Partnership matches contributions into the scheme of up to 8% of pay and provides an additional 4% after three years’ service, regardless of whether a Partner decides to pay in or not.

Following a year-long review and consultation with Partners, the Defined Benefit section of the pension scheme was closed on 31 March 2020 and the Trustees are also responsible for its legacy.

Sarah Bates said: “I am very pleased to be appointed as Chair of the John Lewis Partnership Trust for Pensions and look forward to working with the John Lewis Partnership to continue to develop the pension scheme for the coming years.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Shelley Sandzer promotes Tony Levine to Director of Leasing

Shelley Sandzer has promoted Tony Levine to Director of Leasing. Tony will work alongside joint-Managing Partner, Ted Schama, in representing leading landlords in securing new F&B and leisure brands for their destinations.

Angelo Gordon and Kintyre acquire Park Center Treptow in Berlin

A joint venture partnership between Angelo Gordon, a global investment manager, and Kintyre the Frankfurt-based independent real estate investor and asset manager, have acquired Park Center Treptow in Berlin.

Slovak National Theater Summer Gala at Eurovea Square

After corona lock down, cultural events were missed by many.

Realm announces flurry of international brands set to join Livingston Designer Outlet in Scotland

Specialist asset manager, Realm, has exchanged with three new global brands opening at Scotland’s largest outlet centre, Livingston Designer Outlet. The deals, totalling 6,060 sq ft, include PUMA, Samsonite and Police and reflect the centre’s strong trading period during Q2 2021 following the reopening of non-essential retail in April.

Decathlon expands into Styria for the first time: Austria’s most modern store opens in Seiersberg-Pirka in 2022

Sports enthusiasts in Styria can look forward to Decathlon's first branch in Styria. The French sporting goods manufacturer and retailer is opening its fourth location in Austria in Seiersberg-Pirka, south of the provincial capital Graz. Already in the first half of 2022, athletes from the region will have access to high-quality sporting goods for more than 70 sports on an area of 3,000m2. Styrian athletes will find everything their hearts desire in Austria's most modern Decathlon store in the near future.

British Corner Shop Opens European Distribution Centre

Bristol-based online grocery store,  British Corner Shop, has  announced it has opened a  new warehouse  in  the Netherlands after Brexit caused a surge in demand across Europe.