Fidelity International has appointed Mark Cliff as the new trustee of the Fidelity Master Trust (FMT), effective January 6, 2025.
Cliff will undertake a three-month handover with outgoing chair Kim Nash, who will retire from her role as Trustee and Chair in April 2025.
Mark Cliff brings experience as a trustee and chair for defined benefit (DB) and defined contribution (DC) pension schemes. Currently a client director at Vidett, his prior roles include head of pensions at Manchester Airport Group and chair of the member experience sub-committee for the Legal and General Investment Management Master Trust. Cliff has also served as a trustee for over a decade, working with employers such as Debenhams and Bentley Motors.
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Nash, who has served as chair of FMT since 2015, said: “With more people part of workplace pension schemes than ever before, Trustees have an important role to play in upholding scheme governance. I would like to thank FMT’s Trustees for their support during my time as Chair and look forward to working together with Mark to ensure a smooth transition of responsibilities.”
Dan Smith, head of workplace investing distribution at Fidelity International, expressed gratitude for Nash’s leadership while welcoming Cliff to the role. “We are delighted to welcome Mark as Chair of FMT, bringing significant experience and leadership to this role. Kim’s contributions have been invaluable in steering the FMT Trustee Board to success, and her ongoing support for the pensions industry is commendable,” he said.
Cliff shared his enthusiasm for the new role, emphasizing his commitment to member outcomes. “I look forward to working closely with FMT’s Trustees to serve the needs of members of the FMT as best as possible. I am particularly focused on enhancing member outcomes from a customer service perspective, supporting members accessing their pension savings, and aligning investment strategies within the sustainability regulatory framework,” he stated.
