21 January 2020
“John Preston has joined the London Pensions Fund Authority (LPFA) as Chairman. Mr
Preston replaces Sir Merrick Cockell who stepped down in December 2019 after 4 years in the role and 9 years on the LPFA board.
The LPFA has over 88,000 members, 142 actively contributing employers and assets of £6.05 billion1. Together with Lancashire County Council, the organisation is also a shareholder of the Local Pensions Partnership (LPP). LPP manages the assets of, and administers, the LPFA scheme.
John Preston is a Fellow of the Institute of Chartered Accountants in England and Wales and a Council member and past president of the Chartered Institute of Taxation. He spent 23 years as a partner at PwC working on global clients within financial services and other industries. He held several management positions within PwC’s lines of service including Chief Operating Officer, Head of Risk and Quality, Financial Services Market Leader and Global Head of External Relations, Regulation and Policy.
In addition to his role as Chair of the London Pension Fund Authority, he is currently Chair of the Sainsbury’s defined benefit pension scheme and Chair of the Medical Research Council pension scheme. His other roles currently include Treasurer and Council member of the University of Bath.
June 18, 2020
August 11, 2022
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