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The Pensions Trust appoints new Strategic Investment Officer

Issued: 8 November 2004

The Pensions Trust is pleased to announce the appointment of David Palmer as Strategic Investment Officer. Based in London, David will be responsible for investment reporting and monitoring managers' compliance with their written agreements, especially in the area of risk. He will also work closely with the investment committee in developing the Trust's investment strategy. David will report to the Trust's Chief Executive, Richard Stroud.

Before joining The Pensions Trust, David had worked for Mellon Human Resources and Investor Solutions (formerly Buck Consultants) as an investment consultant and had also worked for Hewitt Bacon and Woodrow. He is an Associate of the Pensions Management Institute and has completed the Investment Management Certificate and the Investment Advice Certificate.

Commenting on the appointment, Richard Stroud said: "I am delighted to welcome David on board, he will be a great asset to the team. David has a broad based background in pensions. As well as investment consulting, he has hands on experience of pensions administration. This combination gives him a valuable insight into the issues faced by our Board members who are, ultimately, responsible for running our pension schemes."

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This news release has been published in:

Global Pensions
January 2005
'On the move - David Palmer'
Page 42

Pensions World
December 2004
'In good company - David Palmer'
Page 11

Financial Adviser
18 November 2004
'Appointments - Pensions'
Page 79

Financial News
15 November 2004
'Standard Life wins £75m mandate from Pensions Trust' (includes David Palmer as the new strategic investment officer)
Page 16

Professional Pensions
11 November 2004
'Palmer joins Trust'
Page 4

Investment & Pensions Europe Website - News Section

10 November 2004
'Pensions Trust hands iBoxx brief to Standard Life' (includes David Palmer as the new strategic investment officer)
www.ipe.com