THE Pensions Regulator’s (TPR) executive director for defined benefit (DB) Stephen Soper is set to depart for PwC after more than six years at the regulator.
He has already ceased any casework activity in a bid to avoid any real or perceived conflicts of interest and will leave the Brighton-based watchdog at the end of the month, Professional Pensions reports.
Soper acted as interim chief executive during the regulator’s 18-month search for a successor to Bill Galvin, who left in June 2013 to become group executive at the Universities Superannuation Scheme (USS).
A chartered banker, Soper began his career at RBS in 1986 before working in executive positions at Allied Dunbar Group, Zurich Financial Services, Eagle Star, and Aon.
He joined TPR in February 2009 to restructure its risk and funding activities, and was promoted to the board as an executive director in February 2011.
Soper will take up the position of senior pensions adviser within PwC’s pensions credit advisory team from September.