This week’s Money Marketing reveals that O’Connor has left his role at the insurer, which was a contract appointment to explore wrap potential for the provider.
He joined Aegon last June from UBS Wealth Management where he was executive director of the platform, which closed in February last year.
An Aegon spokesman says it will continue exploring wrap opportunities despite O’Connor’s departure.
He says: “Now the contract has come to an end it doesn’t mean that our work into exploring possibilities has come to an end. That work is continuing under Adrian Grace, executive director for sales, distribution and development.
“The work Tim has contributed to our investigations has been very helpful and Adrian’s team is continuing to explore possibilities.”
Threesixty partner Phil Young says: “There is probably still room for more life offices to enter the market, it just becomes increasingly difficult to differentiate one from another as more providers enter the frey.”