Two financial services experts have joined The Pensions Regulator (TPR) in senior roles to help meet the challenges of the evolving and increasingly commercial pensions market.
Julian Lyne, an experienced asset management leader, has been appointed interim Executive Director of Market Oversight for one year. He will cover the role for Neil Bull, who has been away from the business for an extended period.
Julian’s previous role was at Newton Investments (part of BNYM) where he was Chief Commercial Officer, responsible for driving Newton’s commercial proposition and amplifying the Newton investment brand globally. Throughout his career, Julian has held various client and consultant relations roles covering defined contribution and defined benefit pension arrangements. He has held senior roles at F&C Investments, HSBC, JPMorgan, and Fidelity.
Julian said:
“I am absolutely delighted to be joining TPR as Interim Executive Director of Market Oversight. This is a pivotal time of change and evolution across both DB and DC pension provision, and the role of a forward-looking, market-facing regulator has never been more important.
“I look forward to contributing to TPR’s vital work in shaping a resilient and effective pensions system. I hope my broad industry experience will complement the deep expertise within the existing TPR team, as we work together to support strong outcomes for savers and the long-term sustainability of institutional pension provision in the UK.”
SV Rangan has been appointed Senior Advisor.
SV is an experienced financial service leader with over 35 years' experience in financial services across the UK and international markets, having held senior roles at MetLife, AIG and Citigroup and as a senior adviser at the FCA.
SV said:
“I’m excited to join TPR at a significant moment for the pensions industry, as it looks to deliver stronger outcomes for savers and support long-term economic growth. With a background spanning financial services and regulation, I look forward to contributing to TPR’s work in strengthening the system’s resilience, fostering innovation, and helping shape a pensions landscape that is fit for the future.”
Julian will start in his role on 14 April 2025, while SV joined TPR this week.
Nausicaa Delfas said:
“Facing a rapidly changing pensions market, we are bolstering our expertise in areas such as asset management, investment and a knowledge of the broader financial landscape. Julian and SV join our existing pool of talented senior leaders, helping to ensure we continue to protect, enhance and innovate in savers’ interests.”
These appointments are also in line with the 2023 Independent Review of TPR, which recommended that TPR has access to senior regulatory, enforcement and sector expertise.
Notes for editors
Biographies
- Julian Lyne is a seasoned asset management executive with over 30 years of experience leading global distribution, consultant relations, product development & marketing functions. Most recently, as Chief Commercial Officer at Newton Investment Management (part of BNYM) he drove global commercial strategy and spearheaded innovation in sustainable investing and retirement solutions. Throughout his career he has held various client and consultant relations roles covering defined contribution and defined benefit arrangements. Julian has held senior roles at F&C Investments, HSBC, JPMorgan, and Fidelity.
- SV Rangan has over 35 years of experience in financial services, spanning the UK and international markets. His expertise covers insurance (life, GI, and pensions), wealth management, asset management and retail banking. He has held senior executive roles at Citigroup, MetLife and AIG including as CEO at EMEA and International business driving growth strategies, M&A, and strategic transformation. From 2017-2024, SV was Senior Advisor at the FCA focussed on insurance, pensions, consumer investments and asset management.
- Please read the Independent Public Bodies Review of TPR. Recommendation 10 stated: TPR governance team to present options paper to TPR Board on access to, and utilisation of, senior regulatory, enforcement and sector expertise, with a view to ensuring TPR is accessing senior expertise through appropriate channels.
- TPR is the regulator of work-based pension schemes in the UK. Our statutory objectives are to:
- protect members' benefits
- reduce the risk of calls on the Pension Protection Fund
- promote, and improve understanding of, the good administration of work-based pension schemes
- maximise employer compliance with automatic enrolment duties
- minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of the regulator’s functions under Part 3 of the Pensions Act 2004 only)
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