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Ex-Brightside boss to take on new role

Ex-Brightside boss to take on new role | Insurance Business UK

Ex-Brightside boss to take on new role

Brendan McCafferty (pictured), who led the trade sale of Brightside Group to Markerstudy Group earlier this year, will be joining the National Employment Savings Trust (Nest) as chair from February 01, 2022.

“We’re looking forward to working with Brendan as he helps us continue to develop our service and aim to deliver bigger pensions for our members, in a better world,” said the trust-based workplace pension scheme when it announced McCafferty’s appointment by Minister for Pensions and Financial Inclusion Guy Opperman MP.

“We’d also like to thank Otto Thoresen for his service with Nest – he saw us grow from the early days where we were welcoming thousands of members, through to delivering pension services for more than 10 million people.”

McCafferty, whose predecessor described the post as “simply the best job ever," will serve as chair for a term of five years. He brings experience from the likes of RSA, Willis Towers Watson, Flood Re, and AXA.

“Delighted to be succeeding the remarkable Otto Thoresen as chair of Nest in February,” commented McCafferty on LinkedIn.

“Nest has a compelling purpose of ‘helping millions enjoy a better retirement’. It helps over 10 million members and 940,000 employers with auto-enrolment and pension saving, and as a responsible investor helps to protect people and the planet.”

Among those who congratulated him online are Landmark Underwriting non-executive chair Peter Staddon and Worry+Peace founder James York.