Ruston Smith

Tesco Pension Fund

Ruston has 40 years experience in the pension fund and investment industry.

He was the former Group Pensions, Insurable Risk and a People Director at Tesco and CEO of Tesco Pension Investment Ltd – FCA approved in house investment manager.

Ruston is now the Chair of the Tesco Pension Fund (DB and DC) and FCA approved Tesco Pension Investment Ltd, Independent and Chair of the Funding and Investment Committee for the BAE Pension Fund, Non Exec Chair of JP Morgan Asset Management Ltd (UK and EMEA), Non Exec Chair of Smart Pension Ltd, Non Exec Chair of the Asset Management Exchange ICAV, Non Exec Chair of Guiide, Non Exec Chair of the Pensions Management Institute and Chair of GroceryAid, an industry charity.

Ruston was on the DC Patient Capital Steering Committee and the Bank of England, Treasury and FCA’s Steering Group on Investment in Productive Finance and now sits on the Expert Panel for the British Venture Capital Association.

He was a former Chair of the PLSA, Co Chair of the DWP’s 2017 Auto Enrolment Review Board, led the Simpler Annual Statement initiative (now a regulatory requirement), chaired the cross regulator and industry ‘Standardised Assumptions Group’, led the Members’ Costs and Charges Initiative and co-leads the Lifetime Savings Initiative.

MBA with distinction and a Fellow of the Pensions Management Institute, the Chartered Management Institute and the Royal Society of Arts.