Steve Bee to leave Scot Life to join Paul Hogarth venture
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Pension guru Steve Bee is leaving Scottish Life to launch a new adviser-focused platform venture in partnership with Bankhall founder Paul Hogarth, Money Marketing can reveal.
Bee (pictured) is to team up with Hogarth to set up a new proposition which will include a corporate platform to launch in Q2 2010.
The firm, as yet unnamed, will be part of the Paradigm Group, set up by Hogarth in 2007. Bee will become a partner at Paradigm.
Work on the project is expected to start when Bee leaves ScotLife at the end of January. It will combine a consultancy service with a suite of products designed to help advisers make the most of pension legislation.
Bee, a regular winner of the Money Marketing industry personality of the year award, joined ScotLife in 1997 from Prudential, where he was head of pensions.
Hogarth says: “Steve and myself share a vision about the fut-ure of pensions and the role financial advisers should play in making them more accessible and available. To have been able to lure Steve and his thinking away from the manufacturing end of the market into distribution will be of huge benefit to the adviser community.”
ScotLife chief executive John Deane says: “They say all good things must come to an end and Steve has been a very good thing for Scottish Life. We would like to thank him for all he has done.”
Bee says: “It was an incredibly difficult decision to leave Scottish Life. I cannot think of any other provider company that would have given me the freedom and the support to do what I have been doing. I have had some really memorable times, especially on the road, meeting IFAs throughout the UK.”
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Readers' comments (13)
Mike Allan | 25 Nov 2009 9:19 am
I look forward to developments with keen anticipation.
Two visionaries together.
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Michael Lewis | 25 Nov 2009 9:23 am
Well done Steve.look forward to seeing you at Paradigm
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John Stevenson | 25 Nov 2009 9:33 am
Another nail in the ScotLife coffin. Phoenix beckons for Scotlife.
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Jamie Coats | 25 Nov 2009 9:34 am
Steve and Paul,
It might be an idea to see what we are doing on the corporate and personal pensions front.... We are working hard on this from and employer, emplyee, adviser and the advisers client perspective.
As a web based propostion we are able to deliver customised views of data to each type and would welcome the opportunity to show you the art of the possible.
Regardless of this best wishes to you both on this new venture.
Jamie Coats
IntelliFlo Ltd
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Dominic Embley | 25 Nov 2009 10:20 am
Sounds like an interesting proposition.
Dominic Embley
www.projxhub.com
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Anonymous | 25 Nov 2009 12:17 pm
So Hogarth is a 'visionary' is he? I thought his only real success is to have managed to persuade various idiotic life offices that Bankhall was worth millions, then it is eventually flogged to Sesame for bugger all!
Fab, and do we think the IFAs who got charged massive fees got a good deal??
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Jennie Kreser | 25 Nov 2009 2:03 pm
The very best to luck to Steve in this new venture. One of the Pension industry good guys
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Mister Maker | 25 Nov 2009 2:29 pm
Slightly bitter "Anonymous" blogger!
If you have something meaningful to say why not be proud of it and disclose your identity, or at least a childlike pseudonym?
Not sure what either are up to but anyone challenging the status quo is a visionary in my book. Good luck to them and maybe the product providers might recognise the need to change their approach as well.
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Anonymous | 25 Nov 2009 3:27 pm
John,
You keep recomending Skandia, and see how much support they give you when your backs against the wall regarding your investment process.
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verbum sat sapienti | 25 Nov 2009 4:04 pm
Steve,
Are you sure that you belong in the pond where you will join the leaches which grow plump by feeding on the blood of the well intentioned, but oh so often gullible, section of the finance industry? Or is it the same as working for a product provider anyway?
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