Nest Pensions
Chair of the Oversight Panel, Centre for Inclusive Money at Nest
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Role Overview
We are seeking an exceptional independent Chair to lead a new Oversight Panel for the Centre for Inclusive Money at Nest - someone who can provide strategic challenge, while supporting Inclusive Money's continued evolution and impact.
The Centre for Inclusive Money at Nest is a public benefit research and innovation centre. Our mission is to find what really works in supporting low- and moderate-income households to be financially secure, both today and into retirement, and to drive transformational change in the system.
Inclusive Money’s Public Benefit Statement is set out below: Inclusive Money’s mission is to find what really works in supporting low- and moderate-income households to be financially secure both today and into retirement, and to use what we learn to drive transformational change in the system in their interest. The purpose of Inclusive Money, in pursuit of this aim and for the public benefit, is to:
- Advance understanding of the financial security needs and circumstances of low- and moderate-income households in the UK amongst policy and market decision-makers
- Identify, test and build evidence around effective solutions and,
- Promote awareness and application of that evidence base to drive the adoption of effective solutions at scale and foster the development of a fairer and more inclusive system.
The role of the Oversight Panel is to:
- Hold delegated ownership of the Public Benefit Statement, and will oversee its delivery as well as holding Inclusive Money to account on its Public Benefit mission and impact;
- Monitor the performance of Inclusive Money against its objectives;
- Review Inclusive Money strategic plans and provide strategic advice, challenge and oversight;
- Approve Inclusive Money Impact Reports;
- Ensure accountability and transparency in key decision-making
- Provide input to the Nest Board on Inclusive Money’s performance of its Public Benefit Statement.
Role, Purpose and Person Specification
The Chair has the following leadership responsibilities:
- The Chair is central to the effective operation of the Oversight Panel in overseeing the delivery and impact of Inclusive Money’s Public Benefit;
- Ensuring that each meeting is planned effectively, conducted according to the terms of reference, and that matters are dealt with in an orderly, efficient manner;
- Facilitating the active and effective contribution of all Panel members and to ensure Panel advice and challenge is clear and well evidenced.
- Acting as a sounding board and mentor to the CEO of Inclusive Money and providing input to the Nest CEO for objective-setting and performance appraisals
The Chair’s main duties are to:
- Provide effective and clear leadership of the Panel, promoting active discussion and challenge with a view to ensuring Inclusive Money is delivering against its Public Benefit Statement;
- Establish and maintain excellent working relationships with individuals and groups, including the Inclusive Money team (and specifically the CEO, Director of Strategy and Development and the Strategy and Governance Manager) and the CEO and Chair of Nest.
- Leading on the drafting of an annual report on the Panel activities, which may be included in the Nest Corporation and Nest Scheme Annual Reports and Accounts as well as in strategy and impact documents published by Inclusive Money;
- Taking the lead on regular reporting back to the Board on matters within its remit, and at least annually, leading a discussion on the Panel’s effectiveness and a review its terms of reference;
- Playing a role in recruiting additional independent Panel members.
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Essential criteria
- Experience in a senior executive, non-executive or trustee role in a charity, think tank or similar organisation
- Knowledge of the key issues and debates around financial security and inclusion for low- and moderate-income households
- Communication and influencing skills
- Ability to provide challenge and oversight
Desirable criteria
- Experience working in or in relation to government in the formulation and development of public policy
- A working understanding of the landscape of policy, market and regulatory considerations across the financial services sector
- An understanding of the experiences, contexts and needs of low- and moderate-income households in managing money.
Personal attributes
- Commitment to our mission to improve the financial security of low- and moderate- income households, today and into retirement
- The ability to listen, distil and provide feedback from a wide range of sources and creatively, analyse and prioritise complex and often competing priorities.
- The ability to work well with people with a collaborative and flexible approach with sensitivity to and tolerance for differing views.
Don't worry if you think you don't have all the key skills, it might be worth taking the few minutes to apply as we're good at spotting potential.
Please download a full job description to find a full scope, deliverables, experience and personal attributes required for this role.
For more information about our recruitment process click here
Directorate/Department Overview
The Centre for Inclusive Money at Nest is a public benefit research and innovation centre. Our mission is to find what really works in supporting low- and moderate-income households to be financially secure, both today and into retirement, and to drive transformational change in the system.
We build and amplify deep, rigorous insight into the lived experience of low- and moderate-income households, seeking to better understand how people actually earn, spend, save, cope with the unexpected, and invest for the future.
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We develop innovative solutions grounded in that understanding. We test them in the real world. We gather robust, rounded evidence about what genuinely makes a difference. And throughout, we work with the people who have the power to act – industry, employers and government – to turn that evidence into lasting change; informing decisions and catalysing the adoption of what works at scale. We work inclusively and collaboratively across boundaries and silos, because we know no single organisation can deliver this kind of change alone.
We are building towards a fairer and more inclusive system of joined-up products and services that meets people where they are, supports their diverse needs and makes it easier for them to achieve good outcomes. Getting this right and improving household financial security can unlock greater individual wellbeing, social participation and economic growth.
The Centre for Inclusive Money was founded by Nest, the workplace pension provider built to give everyday workers somewhere good to save – already supporting more than 14 million people to plan for the future. We work with a wide range of organisations to explore, test and scale new ideas in the real world.
For more information visit www.inclusivemoney.org.uk.
Organisational Overview
Diversity, Equity and Inclusion
Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, race, religion/belief, sex, sexual orientation or socio economic background.
We also recognise the importance of diversity of thought and other forms of neurocognitive variation.
Nest is a Disability Confident Leader, which is the highest level of the Disability Confident Scheme. If you have a disability, please declare that you’re applying through the scheme. We aim to offer an interview to those applicants who apply through the Disability Confident Scheme and best meet the minimum criteria. However, there may be some circumstances where this is not possible due to the volume of applications.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications.
If you have any difficulty in sending your application or need the application pack in an alternative format, or you require any reasonable adjustments please contact: careers@nestcorporation.org.uk.
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