Joanna Matthews, chair of the scheme’s trustee board, praised Law-Deeks’ leadership during his period as interim chief executive.“He has a clear vision for the plan that is aligned with the thoughts of both trustees and the sponsor,” she added.Law-Deeks said: “It is a real privilege to lead the plan, helping to ensure the financial wellbeing of our members in retirement. I look forward to delivering best-in-class services and innovation, working closely with Joanna, the trustees, and the sponsor.“I am also delighted to be leading such a great team of colleagues, who are some of the most talented in the business.” The scheme’s sponsor, Royal Mail Group, in a joint effort with the Communication Workers’ Union, is currently lobbying government to implement legislation to allow the creation of a collective defined contribution (CDC) plan.The CDC switch was agreed after Royal Mail decided the annual costs of running a defined benefit plan would be too high in the future. A valuation report last year estimated annual contributions could hit £1.3bn. The UK’s Royal Mail Pension Plan (RMPP) has appointed Richard Law-Deeks as its chief executive officer with immediate effect.He replaces Chris Hogg, who left the £10.1bn (€11.4bn) fund last year to become chief executive of the National Grid UK Pension Scheme.Law-Deeks has been interim CEO since February. He was previously head of finance at the RMPP, having joined in 2015 from business consultancy Marsh & McLennan. He has also worked in accounting roles at several UK local authority pension funds, including Hackney and Hertfordshire.In a statement today, the RMPP said Law-Deeks would continue the work started by Hogg on developing “best-in-practice governance and risk management systems”.
Vet nurse Raelene Massey along with daughter Andie Scott-Massey, are thrilled to have bought a beautiful Queenslander at 35 Upward St, Parramatta Park. PICTURE: JUSTIN BRIERTYRAELENE Massey has signed the dotted line and is now ready to start her next chapter in one of Cairns’ most sought-after suburbs.The vet nurse recently bought a historic Queenslander on Upward St, Parramatta Park, after living at Kewarra Beach for the past year.The allure of being close to schools, shops and watching the world go by from a sweeping veranda was hard to ignore for Massey, who moved to the Far North from the Sunshine Coast to be near her family.“The main reason I looked at Parramatta Park was because it’s close to St Monica’s, where my daughter goes to school, and we wanted to be able to enjoy the Esplanade and the inner-city lifestyle,” she said.Data released by realestate.com.au shows that Parramatta Park had the highest growth in the number of online visits per house out of all Cairns suburbs during the six months to March 31.The Queenslander-replete inner-city suburb recorded an average of 445 visits per property, a 45 per cent increase from the period between October 2015 and March last year.“I was particularly keen on Parramatta Park, but did have to look at other areas because it was so competitive,” she said.“But I really wanted a stunning Queenslander, which I’ve now found. My daughter and I are going to become very settled here.”Holloways Beach, with an average of 524 visits per house, was second on the list having recorded a growth of 38 per cent.More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days agoWhen it came to units, Holloways Beach topped the charts with a 75 per cent increase in online visits per property.In terms of total number of online visits per house, Kamerunga and Edge Hill led the way, averaging 856 and 638 respectively.The Cairns region averaged 349 online visits per house during the six-month period, an increase of four per cent.Elite Real Estate’s Ken Higgins, who specialises in inner-city properties, said he was not surprised in the amount of interest shown for Parramatta Park homes.“There is plenty of activity around the area, and we have been getting some great number at open homes,” he said.“The nearby schools and shops are really attractive for people.”Higgins said another top-shelf Parramatta Park Queenslander, at 17 Denbeigh St, was quickly snapped up after it attracted more than 50 parties through its first open home.