Three of the nine members of the Board of the Trustee, SPT Ltd, are Member Nominated Directors (MNDs), selected by the Pensions Consultative Committee.
MNDs normally serve for a term of four years. This October, the term of office of Pat Moloney, who has been an MND since 2003, came to an end. The PCC therefore held an election on 9 October, and as a result, Pat will continue to serve as a director.