The IGC publishes an annual report which provides customers with the Committee’s opinion on the value for money delivered by their plans. You can read the latest Chairman's report.
This report is complemented by our FAQ: "Your Questions Answered".
The IGC also invite you to find out more about the impact of costs and charges on your investments.
Or learn more about the IGC’s responsibilities, in their terms of reference.
Leave us some feedback – tell us what you want from the IGC.
The IGC’s current approach to VfM takes account of a range of factors:
These have been weighted to reflect the Committee’s view that what ultimately matters is the outcome for Members.
The full VfM framework can be found in the annual Chairman's report.
Our IGC members were chosen for their experience, interest, skill, knowledge and high industry profile.
Bruce is an actuary by profession and spent a full career with Mercer where he held many management roles, including global leadership of the company’s retirement business.
As well as chairing the Independent Governance Committee, Bruce is the chair of trustees of the MMC UK Pension Fund and the JLT Pension Scheme. He is also chair of trustees of the R S Macdonald Charitable Trust and a non-executive director of Mercer Global Investments Europe.
Pat is an actuary and a former President of the Society of Actuaries in Ireland. He has many years’ experience of life assurance, pensions and investments through leadership roles with the AXA Group and other leading financial services firms.
He is Chairman of the Trustee Board of the AXA Ireland pension scheme, a director of RSA Insurance Ireland and former Chairman of New Ireland Assurance Company. He served on the Personal Injuries Assessment Board for seven years. In all his roles he has been firmly committed to ensuring fairness and transparency between financial institutions and customers.
John brings considerable expertise in investment strategy and asset management and therefore understands how well, and how reliably your pension fund should grow. In addition, he is a Client Director of Capital Cranfield Pensions Trustees Limited and a Non-Executive Director of LGPS Central Limited.
John is chair of trustees for Marylebone Cricket Club (MCC) Pension Scheme, and a Trustee Director of the Places for People Group Retirement Benefit Scheme. He was managing director of both UBS Global Asset Management and Citigroup Asset Management.
Mary is an experienced investment professional, having previously been a senior consultant and partner with Willis Towers Watson. She is a qualified actuary with over 25 years’ experience in the global investment and pensions industry.
Mary is a Non-Executive Director of Just Retirement Ltd, Partnership Assurance Ltd, New Ireland Assurance Company and Aegon Asset Management (UK) Ltd. She is also a Trustee of the London Irish Centre Charity. Mary is an expert on helping design, implement and monitor suitable investment strategies for your pension pot.
Jennifer joined Prudential as General Counsel UK & Europe in August 2017 and is currently Deputy General Counsel for the M&G PLC Group. Jennifer started her career at Herbert Smith, an international law firm, advising corporates and banks on finance and banking matters, followed by over 20 years’ experience in financial services. Her expertise includes corporate transactions in the UK and internationally, managing regulatory relationships, and advising on corporate governance matters, in both public and private companies.
She spent nine years at GE Capital, including leading the legal team for M&A transactions across Europe, and as Legal and Compliance Director of the UK consumer finance business. She has held senior legal, compliance and governance roles at Towergate Insurance, investment bank and fund manager Execution Noble, and William Hill plc.
Hillary was appointed Global Marketing Director for M&G plc in December 2019 and brings a wealth of experience of business to business and direct to consumer marketing. Hillary joined Prudential as Brand and Marketing Director in September 2017 having previously held Marketing Director roles at Aegon, Sainsbury’s Bank, the insurance partnership division of RBS, and Green Flag.
Hillary has expertise across the breadth of marketing disciplines, including: social and digital marketing; PR and sponsorship; CRM, database management, research and analytics; brand development and integrated multi-channel media and communications.