Standard Life, a subsidiary of Phoenix Group, has appointed Maggie Craig to its Independent Governance Committee (IGC) to oversee the interests of more than 2.5 million workplace personal pension scheme members.
The appointment strengthens the IGC, bringing the membership to seven and above the regulatory minimum of five.
Craig, an industry veteran, has spent her executive career working in a variety of financial services roles with providers Standard Life and Aegon, as well as industry trade body the Association of British Insurers.
Prior to joining the Financial Conduct Authority (FCA) in 2014 as head of insurance and pensions Policy, she led the strategy for the development of the FCA Scotland’s Office and set up the FCA Devolved Nations team.
David Hare, chair of the Standard Life Independent Governance Committee, said that Craig’s track record in financial services is second to none, and that her experience would help strengthen the work of the Committee and benefit the interests of pension savers.
She also sits on the IGCs of Phoenix Life and ReAssure, as membership of the Independent Governance Committee for each company is harmonised within Phoenix Group.
Craig joined the IGC in January 2023, and she expressed her delight to join the Standard Life IGC at a pivotal time as customers’ interests are brought to the fore with the advent of ‘Consumer Duty’.
