Two new council chairmen have been appointed to the National Association of Pension Funds’ councils in a bid to overcome the challenges faced in the evolving pensions industry.

Frank Johnson and Richard Butcher will take up their places after the AGM in October for a three-year term.

Mr Johnson previously worked for RPMI and RPMI Railpen between 2009 and 2015 and oversaw investment business streams.

He will now govern the National Association of Pension Funds’ defined benefit council, which represents all forms of workplace defined contribution schemes, including those running single-employer trust schemes, multi-employer schemes and local authority pension funds.

Mr Butcher is currently managing director of PTL and has now taken on the role of chairman of the National Association of Pension Funds’ defined contribution council.

His responsibilities will include representing all forms of workplace direct contribution schemes, including those running single-employer trust schemes, master trusts and those overseeing an employer’s use of a contract-based scheme.

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The National Association of Pension Funds’ councils responsible for allowing members the opportunity to contribute to the strategic direction of National Association of Pension Funds' policies on a wide range of issues relating to pensions.

Ruston Smith, chairman of the National Association of Pension Funds, said: “This announcement comes at a time when the pensions industry is facing an ever increasing number of challenges, and the skills and expertise that Frank and Richard bring will help make sure our defined benefit and defined contribution councils’ advice and guidance always meet the needs of our members."

The National Association of Pension Funds is responsible for over 1,300 pension schemes that provide pensions for over 17 million people who have more than £900 billion of assets.