David Cranston, director general of the UK-based National Association of Pension Funds (NAPF) is set to resign at the end of this year after 18 months in the job, a spokesman for the NAPF has confirmed.

Cranston has decided to go after dealing with an avalanche of challenges for the organisation in recent months. It is broadly agreed within the industry that he has worked hard at the job, but that he has failed to live up to the standards set by his predecessor Ann Robinson.