View more on these topics

Aegon group marketing chief Paul McMahon quits for FNZ

Aegon UK group marketing director Paul McMahon is to join FNZ as chief executive of UK business.

McMahon joined Aegon as group marketing director in February 2011. He was appointed to lead the Aegon Retirement Choices wrap in April last year.

Prior to Aegon he was Friends Provident managing director of UK corporate. He will take up his new role with wrap technology provider FNZ towards the end of the year but will leave Aegon immediately.

FNZ group chief executive Adrian Durham says: “We are delighted to have someone of Paul’s calibre join FNZ. Paul will be responsible for all functions in the UK and will ensure that we continue to provide outstanding service to our customers, help them rapidly grow assets on platforms further and ensure that they are the winners in this rapidly evolving market.”

McMahon (pictured) says: “I have been actively involved with FNZ as a customer since very early in its evolution. I admire the impact FNZ has had in transforming the UK savings and retirement market, both ensuring that all of its customers are successful in the platform space, and rapidly building a highly successful business from a  standing start a few years ago.”

FNZ powers platform propositions for Axa, Standard Life, Zurich and Friends Life.

Aegon UK chief executive Adrian Grace says: “Due to the competitive nature of Paul’s appointment at FNZ, he will leave Aegon UK immediately. He will be taking up his position with FNZ toward the end of this year. Aegon will seek to appoint a new marketing director and will make a further announcement on this in due course.”



Reports suggest Dilnot social care overhaul delayed

The Government’s response to long-term care funding proposals set out by the Dilnot Commission has been delayed because of arguments over costs, according to reports. The Dilnot commission’s report, published last July, calls for a cap on individuals’ lifetime contributions to social care costs of between £25,000 and £50,000, with £35,000 the recommended figure. The […]


HSBC scraps tied advice service and axes 650 jobs

HSBC is axing its tied advice service in a move that will see up to 650 advisers lose their positions. The bank is keeping its whole-of-market advice and execution-only services. An HSBC spokesman says about 50 of the tied advisers will be given the opportunity to retrain and switch to its whole-of-market team, which currently […]

Out of Context

“I do not quite know what normality is.”Debt Management Office CEO Robert Stheeman “My hon friend tempts me towards a place I would very much enjoy going.”TSC chair Andrew Tyrie when asked why he thought the BoE is so reluctant to release its minutes “We are not responsible for monetary policy. Sometimes, in my dreams, […]


IMA: Isa sales fall by almost £2bn for 2011-12

The Investment Management Association has revealed net sales of Isas dropped by almost £2bn for the 2011-12 tax year. Net sales for the full tax year of approximately £2.1bn were reported, compared with net sales of more than £4bn for the previous two tax years. Net retails sales of just £6m were reported during the […]


News and expert analysis straight to your inbox

Sign up


There are 4 comments at the moment, we would love to hear your opinion too.

  1. I am not surprised. He probably had creative ideas! Draw your own conclusion

  2. Funny how all the FNZ customers claim to have exclusive use of ‘the best’ FNZ people on their account

  3. anne greenhalgh 1st May 2012 at 5:02 pm

    Amazing too that so many of the AXA Elevate team have ended up at FNZ!

  4. Informed persons 1st May 2012 at 10:23 pm

    Stanley, interesting point having dealt with FNZ (would not wish that on anyone) I would say there are no best people, there is a distinct lack of knowledge and an air of arrogance from directors though to managers. Paul has his work cut out.

Leave a comment