• Butler joins the Independent Governance Committee for Standard Life pension scheme members
  • Appointment follows Andrew Davies’ transition to Chair of the Committee

Standard Life, part of Phoenix Group, has appointed Barry Butler to its Independent Governance Committee (IGC), overseeing the interests of c.2.7 million workplace pension scheme members with total assets under administration of nearly £65 billion. Butler joins the IGC following Andrew Davies’ transition to Chair and reinforces the Committee’s dedication to strong governance and oversight.

In addition to his Standard Life responsibilities Butler, along with his colleagues on the IGC, will oversee assets of members worth c£7 billion within schemes managed by Phoenix Life Limited, ReAssure Life Limited, ReAssure Limited and Phoenix Life CA Limited (the company formerly known as SunLife of Canada).

Butler brings extensive financial services experience to the role, including board expertise given his role as a Non-Executive Director for MetLife. A qualified actuary, his broad expertise in financial management, risk oversight, and customer-focused governance will support the IGC’s role in ensuring pension scheme members within its remit receive transparency, value for money and a high-quality service.

Andrew Davies, Chair of the Standard Life Independent Governance Committee, said: “We’re delighted to have Barry on board – his vast swathe of leadership experience in our industry and track record in governance make him a fantastic addition to the IGC. His expertise will be invaluable as we continue our work to protect and enhance outcomes for Standard Life’s workplace pension customers.”

On joining the Standard Life IGC, Barry Butler, said: “I am delighted to join the Standard Life IGC at such a crucial time for workplace pension savers. With Consumer Duty changing the game, pension reform on the Government agenda and increasing focus on customer outcomes and value for money, I look forward to working with the Committee to ensure we continue to serve the best interests of customers.”

Barry Butler joins the IGC in February 2025.

Ends

Media enquiries

For further information, photos, video content or interviews, contact:

Darragh Leeson/Cezary Grabski
Senior PR Manager/PR Consultant 
Standard Life, part of Phoenix Group
07707 270001
darragh_leeson@standardlife.com / cezary_grabski@standardlife.com

 

 
Notes to Editors

About Standard Life 

Standard Life is a brand that has been trusted to look after peoples’ life savings for nearly 200 years.

Today it proudly serves millions of customers who come to Standard Life directly, through advisers and through their employers’ pension scheme.

Standard Life is part of the Phoenix Group, the largest long-term savings and retirement business in the UK. We’re proud to be building on nearly 200 years of Standard Life heritage together.

Our products include a variety of Pensions, Bonds and Retirement options to suit people’s needs, helping our customers to invest and save for their future. We’re proud to offer a leading range of sustainable and responsible investment options.

We support our customers on their journey to and through retirement with comprehensive, easy-to-understand guidance so they can invest in the right way for their needs, and plan a future they feel confident about.

The value of investments can go down as well as up, and may be worth less than originally invested. 

 

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