LPP Investments Board

Sally Bridgeland

Chair of the LPP Investments Board

Sally is well known in the UK pensions industry, for her thought-provoking views on risk, investment strategy and governance. She combines investment governance consultancy for Avida International with a number of complementary roles, including Non-Executive Director and Investment Committee Chairman at mutual insurance company Royal London and Trustee at both NEST Corporation and the Lloyds Bank pension schemes. Sally also serves on the Trust Investment Committee of the innovation foundation, Nesta and she became a Trustee of the Nuclear Liabilities Fund in 2017. 

Sally was previously the CEO of BP Pension Trustees Limited. Before joining BP, Sally spent twenty years with Aon Hewitt as a pensions actuary and in the investment practice, where she led a number of research initiatives. She was Master of the Worshipful Company of Actuaries 2016-17.


Michael O’Higgins

Chairman of LPP Partnership Holding Company Board, Non-Executive Director on LPP Investments Board and Member of the LPP Remuneration and Nomination Committee

Michael O’Higgins is also Chairman of Calculus VCT, the Channel Islands Competition and Regulatory Authorities, and is a Non-Executive Director of the pensions company Hedgehog. 

He was Chairman of The Pensions Regulator from 2011 to 2014, Chairman of the Audit Commission from 2006 until 2012 and Chairman of the NHS Confederation from 2012 until 2015. He was Non-Executive Director of HM Treasury and Chair of the Treasury Group Audit Committee from 2008 to 2014 and a Non-Executive Director of Network Rail 2012 to 2018. Michael was also the Chair of the youth homelessness charity, Centrepoint from 2004 to 2011.

Previously, Michael was a Managing Partner with PA Consulting, leading its Government and IT Consulting Groups, latterly as a Director on its International Board. Prior to that he was a partner at PricewaterhouseCoopers, worked at the Organisation for Economic Co-Operation and Development in Paris and held academic posts at the University of Bath, the London School of Economics, Harvard University and the Australian National University.

Martin Tully

Non-Executive Director on LPP Investments Board and Member of the LPP Investments Risk Committee

Martin is an independent consultant with over 20 years experience in the banking, asset management and pensions sectors. Martin has worked with the asset management divisions of pension funds in both the UK and overseas, helping to define their strategic plans, set up their operations and governance structures, and implement major change programmes. Martin’s previous roles include senior management positions with Ashmore, Rothschild, Citigroup and HSBC.

Martin has extensive experience in directorships having set up managed corporate entities, collective investment vehicles and special purpose vehicles on an international basis. 

Robert Vandersluis

Non-Executive Director, Non-Executive Director on LPP Investments Board and Chair of the LPP Investments Risk Committee

Robert Vandersluis is Director of Global Pension Investments at GlaxoSmithKline (GSK), where he manages over £18 billion of investments and a substantial derivative portfolio. At GSK, Robert sits on a number of pension boards, and he provides strategic advice to GSK’s pension fund trustees in Europe, the United States and Japan. Robert established GSK’s London-based pension investment department, where he developed and implemented GSK’s interest rate and inflation hedging strategies.

Robert’s previous roles include senior treasury and corporate finance positions at Affinity Sutton Group and FCE Bank plc. He also served on the board of the Pensions Trust, where he was Deputy Chair of the Investment Committee.

Robert studied economics and public policy at the London School of Economics, the University of Michigan, Cambridge University, and Harvard University’s Kennedy School of Government.

Susan Martin

Chief Executive

Susan Martin is LPP Chief Executive. Previously she held the role of LPFA Chief Executive from December 2013. Prior to this she was Deputy Chief Executive (2011) and Acting Chief Executive (August 2013) having joined the LPFA in April 2007 as Director of Organisational Development. She has over 30 years' experience across all sectors in pensions, partnerships, mergers, acquisitions, organisational change and business development. 

Susan sits on the Pensions and Lifetime Savings Association DB Council, the LGPS Forum and the Investors Committee of the 30% Club, which aims to increase Board diversity. She is a regular speaker, writer and contributor to discussions on pensions, partnership working, leadership and business change in the UK and internationally. Susan has been recognised for her innovative work on asset and liability management and for her successful partnerships with other administering authorities and pension funds by her industry peers, securing the Industry Achievement Award at the Portfolio Institutional Awards 2015 as well as being cited in the top most influential people in pensions and/or women in financial services.


Tom Richardson

Chief Risk Officer, Executive Director on LPP Investments Board and Member of the LPP Investments Risk Committee 

Tom joined LPP in July 2016 from the Maple Financial Group, where he spent almost 20 years building his skills in different parts of the business. From 2008, he was the Chief Risk Officer (Market Risk), Global, a role that saw him drive the management and communication of Maple's business line policies within an economic capital framework totalling £400 million.

Tom’s areas of responsibility included the measurement and reporting of financial risk where he led the design and implementation of risk methodologies, policies and procedures to meet both internal and regulatory objectives, including Value at Risk, Credit Capital at Risk, scenario analysis and
stress testing.

Tom graduated from Loughborough University with a BSc in Economic and Politics. He also holds a Certificate in Securities from the Chartered Institute for Seurities & Investment. At LPP, Tom is also responsible for ICT, facilities and operational and employer risk. 

Chris Rule

Chief Investment Officer & Managing Director LPP Investments Ltd

Chris is CIO and the Managing Director of LPP’s Investment Business, responsible for developing and enhancing LPP’s investment strategies and solutions offering to clients. Prior to joining LPP in 2016, Chris was CIO at London Pensions Fund Authority, one of LPP’s founding clients. Working collaboratively with Northern Pool, Chris founded and manages GLIL Infrastructure, an Alternative Investment Fund focused on investing in UK infrastructure assets. 

Chris has 17 years of investment experience. He has held a number of senior positions including Head of Alternatives at SEB Investment Management, as well as founding and co-managing the multi-strategy team whilst a Principal at Old Mutual Asset Managers. Earlier in his career, Chris was trained as a risk manager at GNI Fund Management, before taking on investment management responsibility for hedge fund portfolios. Chris graduated from Manchester University and is a Chartered Alternative Investment Analyst.


LPP Partnership Holding Company Board

LPP Administration Board

Executive Committee