Friday, 13 December 2013 10:31
Scottish Widows creates new auto enrolment taskforce
Scottish Widows has launched a specialist auto enrolment team as it prepares for major changes in workplace pensions.
The taskforce of workplace pension specialists will support Scottish Widows' existing customer and intermediary teams across the UK, the company announced.
Ronnie Taylor, pensions and investments director, who carried out a review, said: "By the end of 2013 we will have helped around 300 large companies work their way through auto enrolment, but the main challenge lies ahead, with smaller employers, who may lack the knowledge and expertise associated with the changes reaching their individual staging dates from as early as next year.
"Our primary objective is to support employers and advisers through this transition, helping them to navigate through the auto enrolment journey, with the end goal of ensuring that an increased number of people in the UK are saving towards a more comfortable retirement.
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"It is of paramount importance that we have the right structure and strategy in place in order to deliver this."
The new Pensions and Investments leadership taskforce comprises:
• Jackie Leiper / director of employer relationships
• Gordon Egan / head of IFA sales south
• Damian Coleman / head of IFA sales north
• Tim Willis / head of EBC distribution
• Jim McCaffrey / head of retirement distribution
The firm also announced that Simon Massey, intermediaries director, will not be part of the new structure.
Scottish Widows said he is "exploring other opportunities as a result of these changes" but wished him well, saying he had played "an instrumental role".
The taskforce of workplace pension specialists will support Scottish Widows' existing customer and intermediary teams across the UK, the company announced.
Ronnie Taylor, pensions and investments director, who carried out a review, said: "By the end of 2013 we will have helped around 300 large companies work their way through auto enrolment, but the main challenge lies ahead, with smaller employers, who may lack the knowledge and expertise associated with the changes reaching their individual staging dates from as early as next year.
"Our primary objective is to support employers and advisers through this transition, helping them to navigate through the auto enrolment journey, with the end goal of ensuring that an increased number of people in the UK are saving towards a more comfortable retirement.
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"It is of paramount importance that we have the right structure and strategy in place in order to deliver this."
The new Pensions and Investments leadership taskforce comprises:
• Jackie Leiper / director of employer relationships
• Gordon Egan / head of IFA sales south
• Damian Coleman / head of IFA sales north
• Tim Willis / head of EBC distribution
• Jim McCaffrey / head of retirement distribution
The firm also announced that Simon Massey, intermediaries director, will not be part of the new structure.
Scottish Widows said he is "exploring other opportunities as a result of these changes" but wished him well, saying he had played "an instrumental role".
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