Raindrop has appointed former Pensions Minister, Guy Opperman, as non-executive director (NED) to its board of directors.

Guy Opperman served as Pensions Minister between 2017 and 2022, making him the longest serving Pensions Minister in the role.

Opperman oversaw several policy changes, most notably the development and passage of the Pension Schemes Act 2021.

He also worked as Minister of State for Employment in the Department for Work and Pensions (DWP) between 2022 and 2023, and more recently as Minister for Roads and Local Transport in the Department for Transport from 2023-24.

Since launching, the pension-finding platform Raindrop has recovered over £1.6bn from over 172,000 lost pension pots for UK savers.

Raindrop said the new appointment will play a key role in its continued growth.

Raindrop co-founder and CCO, Vivan Shridharani, said: “Attracting one of the most respected voices in pensions is a major coup for Raindrop and highlights the importance of our solution in tackling the issue of a lack of transparency in pensions.

“We are very excited to appoint Guy to our board of directors where he will play a leading role as Raindrop continues to unlock access to simple tracing tools and his invaluable expertise will be key to future product development and business growth.”

Commenting on his appointment, Raindrop NED, Guy Opperman, added that he was looking forward to joining a “great British tech disruptor” and supporting its continued growth.

“I have been really impressed with the work of the founders who have built an innovative platform that delivers real impact to both UK savers as well as pension providers,” he said.

Opperman added: “Raindrop has already demonstrated its positive impact, as it continues its scale-up journey I believe it will cement its position as the go-to pensions tracing player in the UK and be the next British tech success story.”

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