Pensions Insurance Corporation (PIC) has appointed David Weymouth as chair of its board, and chair of its parent company, PIC Group (PICG). Weymouth will join the boards on 1 October, replacing Jon Aisbitt who announced in January his intention to step down once a successor had been found.

Weymouth has 45 years’ experience across a number of sectors in financial services. Previous roles include chief information officer at Barclays and chief risk officer and Royal Sun Alliance.

He has also previously served as senior independent director on the board of the Royal London Mutual Insurance Society, and chaired the audit committee at Bank of Ireland UK, and the risk committee at the Financial Services Compensation Scheme.