UK - The £10.5bn (€15.6bn) Mineworkers' Pension Scheme has appointed Vivien Cockerill, pensions partner of law firm Wragge & Co., as a trustee director.

"Vivien's experience as a longstanding pensions partner with Wragge & Co., Solicitors, enhances our skills mix and I look forward to having her on the team," said trustee chairman Norman Braithwaite.

Cockerill, who takes over from the retiring Sheila Gleig next May, said: "I am looking forward to the challenge of trusteeship of one the UK's leading pension schemes and working with first class colleagues and advisers.

"It will be a pleasant change listening to advice from others rather than delivering it myself." The appointment completes the range of posts which the two closed Coal Pension Schemes have been filling.

Meanwhile, Cockerill has been involved in other pensions news today, the buyout of the Chartered Accountants' Employees Superannuation Scheme.

The closed defined benefits scheme has been sold to buyout firm Paternoster.

Paternoster confirmed that the scheme's assets were in the region of £10m-£50m (€15m-€75m) but could not disclose the buyout price.

The scheme covers 962 pensioners and 323 deferred members. Paternoster will take over responsibility of the scheme in spring 2007.

The trustee was advised by Hymans Robertson and Wragge & Co., with Cockerill saying: "We are delighted to have been involved in advising the Trustee on the terms of the contract with Paternoster. 

"The new approach that Paternoster is bringing to securing benefits is really helpful to trustees of schemes winding-up."
 

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