T. Rowe Price Appoints Richard Parkin as Head of UK Retirement
New leadership appointment supports T. Rowe Price’s UK retirement growth plans
February 24, 2026, Press Release
T. Rowe Price, a global asset management firm and a leader in retirement, with $1.80 trillion in assets under management*, today announces the appointment of Richard Parkin as Head of UK Retirement, effective 9 March 2026.
Parkin brings more than 35 years of experience across pensions and retirement, having held senior positions at BNY Investments and Fidelity International. He also serves on several industry bodies. His appointment underscores T. Rowe Price’s commitment to strengthening its UK retirement proposition and bringing global expertise and innovation to support clients navigating an increasingly complex UK retirement landscape.
In his new role, Parkin will lead the development and execution of T. Rowe Price’s UK retirement strategy, driving product innovation and growth across the firm’s retail and institutional businesses. He will also play a central role in engaging with clients, regulators, and industry stakeholders to ensure T. Rowe Price continues to contribute to the development of the UK retirement market and deliver meaningful outcomes for investors.
Commenting on the appointment, Nataline Terry, Head of EMEA, UK and Ireland Distribution at T. Rowe Price, said, “We are pleased to welcome Richard to our leadership team. His deep industry expertise and strategic perspective will be invaluable as we continue to build our retirement business in the UK. By combining T. Rowe Price’s long-standing global capabilities with Richard's extensive experience, we aim to help clients achieve better retirement outcomes.”
Richard Parkin said, “I am excited to be joining T. Rowe Price at such a pivotal time for the UK retirement market. Continuing regulatory focus, new legislation, and changing client needs mean advisers and providers are having more complex conversations, centred on personalised retirement planning, balancing income sustainability, tax efficiency and longevity risk. The talented and experienced team at T Rowe Price has done some great work, and I look forward to working with them to develop and deliver innovative retirement solutions to help UK clients navigate these choices with confidence.”
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T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.80 trillion in client assets as of January 31, 2026, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its longstanding expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.
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