LONDON, September 28, 2023 – LifeSight is delighted to announce the appointment of Monica Kalia to the LifeSight UK Trustee Board. Monica’s appointment will commence on 1 October 2023 and she will replace Mervyn Walker who is stepping down on 31 December 2023 after eight years as a LifeSight Trustee Director.
Monica Kalia is a financial services executive with over 30 years of experience in the finance and fintech industries. She was the Founder and Managing Director of Neyber, a multi-award winning fintech firm focused on financial wellbeing and now serves as a Non-Executive Director on the Board of the Money and Pensions Service.
Monica is a consumer champion and has served as a Trustee for the debt charity, StepChange, and as a panel member for the Government’s independent review into Access to Cash. She has also been recognised by Forbes as one of the top female leaders in fintech and by the FT as one of the Top 100 most influential BAME leaders in UK tech.
Earlier in her career, Monica was Co-Head of the European Banks research team at Goldman Sachs.
“Monica brings a unique range of entrepreneurial experience, combined with deep rooted financial expertise and an unwavering commitment to championing the financial wellbeing of consumers.”
Simon Ellis | Chair of Trustee Board, LifeSight UK
Simon Ellis, Chair of LifeSight’s UK Trustee Board, said: “LifeSight has always been committed to combining a range of diverse talents, skills and backgrounds on its Trustee board and so we are extremely pleased to welcome Monica onto the Board. Monica brings a unique range of entrepreneurial experience, combined with deep rooted financial expertise and an unwavering commitment to championing the financial wellbeing of consumers. Her talents and values fit perfectly with LifeSight’s own ambitions and principles.
“I would also like to take this opportunity to thank Mervyn Walker for his commitment and support for LifeSight since its inception in 2015. Mervyn has helped guide LifeSight through huge change and development in the UK master trust market during that time. His contribution as a Trustee Director, and commitment to good governance in particular, has helped to ensure the best possible experience and outcomes for LifeSight members.”
Monica Kalia, incoming member of LifeSight’s UK Trustee Board, added: “I am delighted to be joining the LifeSight Trustee Board. LifeSight has blazed a trail in the burgeoning UK master trust market for nearly a decade. I look forward to bringing my experience in financial technology and consumer wellbeing to help LifeSight develop further in this fast-changing part of the UK pensions and savings landscape.”
Mervyn Walker, outgoing member of LifeSight’s UK Trustee Board, said: “It has been a great privilege to be part of LifeSight’s development from fledgling master trust to industry leader. I am proud to have served on a Trustee Board that has always put the experience and engagement of members, and the financial outcomes for their retirement savings, first and foremost. I wish LifeSight and its members every success for the future.”
LifeSight is WTW’s master trust, a defined contribution multi-employer pension trust for employers who would benefit from high-quality, low-risk, market-competitive pension provision without the governance burden.
Running a defined contribution pension scheme is becoming complex and costly for a lot of employers. Governance is growing ever more onerous and schemes now have new pension flexibilities to contend with. Companies have struggled to find a high-quality alternative that has their employees’ needs at heart. LifeSight offers the best attributes of a trust in an outsourced arrangement. Our unique solution looks after the day-to-day running of the scheme, whilst an independent trustee board looks after the interests of your members.
LifeSight gives you access to our leading-edge digitalised platform, including the award-winning ageOmeter tool, and administration services. Combined with our proven expertise in investments and communications, LifeSight is the complete package.
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success.
