Personal Finance Board Committees.

The Risk Committee operates under delegated authority from the TPF Board on matters of risk management and internal controls. The Committee meets at least four times a year.

The Committee has responsibility for oversight and advice to the TPF Board on current risk exposures and the future risk strategy of TPF. It ensures that proper control systems are in place and appropriate consideration is given to current and future risks. The Committee is also responsible for ensuring that management develop appropriate policies and strategies to secure the long-term sustainability of the business. It is responsible for embedding and maintaining a supportive culture in relation to risk management and for providing assurance to the TPF Board that the processes for risk management and internal control are adequate and effective through independent challenge and oversight.

Members: John Hooper (Chair), Richard Gregory, Jon Hogan

The Audit Committee operates under delegated authority from the TPF Board on matters of financial reporting, financial controls, the Internal Audit function and the external auditors. It is responsible for the oversight of the reporting of TPF’s financial information and the effectiveness of its internal controls and risk management. The Committee meets at least four times a year.

Members: Jon Hogan (Chair), Richard Gregory, John Hooper

The Remuneration and Nomination Committee operates under delegated authority from the TPF Board on matters of remuneration, and recruitment of Executive and Non-Executive Directors and all other SMFs. It has responsibility for deciding the Pay and Reward Policy for the Executive Committee and SMFs and setting their individual remuneration packages.

The Committee is responsible for approving remuneration budgets and all incentive schemes for colleagues undertaking regulated activities. It is also responsible for assessing the balance of skills, experience and knowledge of the TPF Board and reviewing succession plans for the TPF Executive Committee and SMFs. The Committee meets at least three times a year.

Members: Richard Gregory (Chair), John Hooper, Jon Hogan

The Transformation Steering Committee is a combined committee of the Group and Together Personal Finance (TPF) Boards, which includes representatives from both businesses and is chaired by a non-executive director from the TPF Board. The Committee operates under the delegated authority of both Boards and for ensuring the successful delivery of the Together Group Transformation objectives and has full responsibility to oversee the successful execution of the transformation programme in line with approved budgets.

Members: Jon Hogan (Chair), Mike McTighe (Vice Chair), Andrea Dalton, John Barker, Richard Rowntree