Profile Pensions secures economics expert to guide expansion
Profile Pensions, the fast-expanding independent pensions advice firm on a mission to make pensions advice accessible, today announces the appointment of Professor David Miles CBE as non-executive director to support its UK growth ambitions. Miles, who was a member of the Bank of England’ Monetary Policy Committee 2009-2015 and chief UK economist at Morgan Stanley 2004-2009, is Professor of Financial Economics at Imperial College, London. Miles has joined Profile Pensions’ board and investment committee to support Profile Pensions in its goal of revolutionising the top-heavy pensions industry and providing access to quality advice for consumers previously left in the cold. The hire has been timed to give a boost to an ambitious growth strategy for the 5-year-old business, which already advises on more than £750 million worth of retirement funds. Miles’ diverse background is near-unmatched in the pensions arena and his appointment marks a real milestone in Profile Pensions’ development into one of the leading advice firms in the UK. He brings a wealth of experience from his past research on financial markets, housing, demographics and pensions. He has been an advisor to the International Monetary Fund, to Her Majesty’s Treasury, to the Bank of England and to the UK Debt Management Office.
Jordan Mayo, CEO at Profile Pensions, says:
"We are so pleased and excited that David has agreed to join our board and investment committee. His insight, knowledge and rigour will be hugely valuable as we build and scale our impartial, data driven pension advice platform with the aim of making millions of typical UK pension savers better off in retirement."
“What Profile Pensions aims to do is deliver independent and careful pensions advice in an industry plagued by complexity and high fees and where the mass of people get little help. To do that requires careful analysis and independent thinking allied with an ability to make investment decisions comprehensible. I look forward to helping with that challenge.”