Urquhart steps down at Trinity

Posted: April 13th, 2014

Pensions Director IAIN URQUHART has announced his departure from Trinity Mirror. He said: “I am not stopping work completely as I will be carrying on with my independent trustee work, and hopefully expanding it.” Urquhart is an associate with BESTrustees… “one of the UK’s leading independent trustee companies”.

As a result of his departure, the company is making significant changes in the pensions office “to properly reflect the increased importance of the Group’s pension schemes to the finances of the company”.

The company’s statement in full: Trinity Mirror announces that it plans to restructure the senior management of its Group Pensions Office in May.

To properly reflect the increased importance of the Group’s pension schemes to the finances of the company, overall leadership of the department will provided by Philip Brown, Deputy Group Finance Director. In addition to leading the department, Philip will provide the Group with advice on valuations, funding and investment strategy.

David Astley, Group Pensions Manager, will have day-to-day management of the pensions office reporting directly to Philip.

After 20 years’ service as Group Pensions Director, Iain Urquhart will step down from that role and leave the Company in August. Until then he will work with Philip and David to ensure a smooth handover.

Iain joined Mirror Group when it was still dealing with the consequences of the Maxwell thefts and played a significant role in stabilising the pension schemes. He was a key player in achieving the Global Settlement with various financial institutions that saw a considerable return of assets to the schemes. He will leave the Group with our thanks and best wishes.

Paul Vickers, Secretary & Group Legal Director