Marks & Spencer (‘M&S’) is one of the UK’s leading retailers. The M&S Pension Trust manages GBP 10.5 Billion (USD 13.5 Billion) in retirement assets for the 115,000 members of the Scheme, which was closed to future accrual from April 2017. Simon Lee joined M&S in July 2015. Previously he was Head of Investments at Lloyds Banking Group’s pension schemes. Simon is a Fellow of the Institute of Chartered Accountants.