Independent Governance Committee - Self Invested Personal Pension

Vanguard Group; London; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

Vanguard Group is seeking to fill three vacancies for its Independent Governance Committee for Self-Invested Personal Pensions. This committee plays a crucial role in evaluating the value of investments available to customers while upholding the firm’s commitment to low-cost and fair investing practices. Ideal candidates possess strong expertise in post-retirement pension markets and a passion for responsible investment principles.

Qualifications

• Experience as an Independent Non-Executive Director or in similar governance roles.
• Demonstrable skills in customer focus and operations management.
• Knowledge of retail pension post-retirement market.

Responsibilities

• Assess ongoing value for money of pension products.
• Participate in quarterly meetings and annual reporting.
• Contribute to strategic oversight of the governance committee.

Skills

Customer focused

Commercial and practical

Post-retirement expertise

Socially Responsible Investment

Free from potential conflicts

Job description

The Independent Governance Committee for Vanguard's Self-Invested Personal Pension is recruiting for new members.

Vanguard Independent Governance Committee - Self Invested Personal Pension

3 x Vacancies (Chairperson plus 2 x Independent Members)

Background

The Independent Governance Committee for Vanguard's Self-Invested Personal Pension products exists to assess the ongoing value for money of pathway investments offered to customers accessing their pension savings. Our current Independent Governance Committee (IGC) is approaching its five-year term limit, so we are now recruiting for new members. The five-person committee is made up of three external members (two independent members and one chair), and two Vanguard retirement and investment specialists. Once established (which will include agreeing a Terms of Reference and undertaking a Value for Money assessment), we expect the IGC to meet quarterly throughout the year and complete an annual report.

Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They track the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack!". We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.

Our core purpose

To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success

Where do you fit in?

Suitable applicants will be able to demonstrate experience in a similar Independent Non-Executive Director or Independent Governance Committee capacity. You must share our passion for low-cost investing allied to world class service, and have demonstrable skills in the following areas:

• Customer focused: the successful candidate should be able to provide evidence of this in practice.
• Commercial and practical: the ability to take a long-term strategic perspective, aligned with an understanding of Vanguard's needs and aspirations. A knowledge of operations management would also be an advantage.
• Post-retirement: excellent knowledge and expertise in the retail pension post-retirement market is critical.
• Socially Responsible Investment: Candidates will be able to demonstrate excellent knowledge and expertise and an awareness of these principles in relation to the work of an IGC.
• Free from potential conflicts: IGC (and/or Governance Advisory Arrangement) experience is an advantage, but candidates will need to ensure that they are free from the conflicts that may arise as a result of holding similar roles with other providers.

Please submit a CV and cover letter outlining your suitability for the role.

Recruitment Process/Indicative Timeline

Closing date for applications: - Sunday 13th July 2025

Interviews to take place by Friday 29th August

Appointments confirmed in September

Inclusion Statement

Vanguard's continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: "Do the right thing."

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard's core purpose through our values. When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.