Authorized & Basic Group (L&G) has appointed Scott Wheway as its new chair, succeeding John Kingman, who’s concluding his nine-year tenure with the corporate.
Wheway will be a part of the board as an impartial non-executive director and chair designate on 2 January 2026.
He’ll assume the position of chair after the corporate’s Annual Basic Assembly (AGM) on 21 Could 2026.
Wheway will depart from his roles at Scottish Widows Group and Lloyds Banking Group, efficient 31 October 2025.
His background consists of each government and non-executive positions throughout monetary companies and retail sectors.
Wheway’s previous management roles embody chair of Centrica and senior positions at corporations resembling AXA UK, Aviva Insurance coverage and Santander UK.
Wheway acknowledged: “I look ahead to working with the L&G Board, António [Simões] and his wider management group, to speed up the supply of the group’s technique and additional improve the worth L&G generates for all of its stakeholders.”
Senior impartial director Henrietta Baldock carried out the chair succession course of.
Baldock commented: “After a rigorous, complete and international search, I’m delighted to welcome Scott to the Board. In addition to being an amazing match for L&G’s tradition and values, Scott brings a powerful monitor document of economic success in each government and non-executive roles throughout a spread of industries, together with in markets which might be central to our development technique.
“On behalf of the Board, I want to thank John for his excellent management and devoted service to L&G.”
In March 2025, L&G concluded buy-ins with three pension schemes related to Anglo American Companies UK, amounting to £785m ($1.04bn).
They’re the Tarmac UK pension scheme, the Tarmac ‘B’ pension scheme and the Anglo UK pension scheme.
“L&G names Scott Wheway as new chair designate ” was initially created and revealed by Life Insurance International, a GlobalData owned model.
The knowledge on this website has been included in good religion for common informational functions solely. It’s not meant to quantity to recommendation on which you need to rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. It’s essential to receive skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our website.
