Standard Life has appointed Maggie Craig to its Independent Governance Committee (IGC), which oversees the interests of more than 2.5 million workplace personal pension scheme members.

The firm, which is part of Phoenix Group, said the appointment will further support the oversight and scrutiny afforded to it customers, increasing membership to seven and above the five-person regulatory minimum.

Craig has spent all her executive career working in a variety of financial services roles with providers, including Standard Life and Aegon, and industry trade body, the Association of British Insurers (ABI), prior to joining the Financial Conduct Authority (FCA) in 2014 as head of insurance and pensions policy.

She was was appointed head of department, Scotland in 2017, led the strategy for the development of the FCA Scotland’s Oofice and went on to set up the FCA devolved nations team.

Chair of the Standard Life Independent Governance Committee, David Hare, commented: “Maggie’s track record in financial services is second to none.  She is one of the industry’s best known and well-respected executives and I am delighted to welcome her to the Standard Life IGC.

“Her experience, in and outside of financial services, stretching over many decades, will help strengthen the work of the Committee and benefit the interests of pension savers.”

Craig added: “I am delighted to join the Standard Life IGC at a pivotal time as customers’ interest are brought to the fore with the advent of Consumer Duty.”

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