View more on these topics

Aviva axes Darren Dicks as head of retirement propositions

Aviva sign 480

Aviva head of retirement propositions Darren Dicks has been made redundant as part of the provider’s UK cost-cutting drive.

Last month, Aviva confirmed plans to cut up to 800 jobs in the UK as part of chairman John McFarlane’s efforts to reduce costs worldwide by £400m.

Dicks, who had been at the organisation since 2001, helped spearhead the provider’s entry into the fixed-term annuity market in June last year. His previous roles at Aviva include head of finance, head of protection marketing and head of annuity propositions.

Dicks says: “I would have preferred to stay at Aviva because I am passionate about annuities and I am passionate about equity release.

“But the focus and direction of the company has changed. I must admit it was a shock because I do enjoy working in the industry.”

Dicks has bought the Harrogate, York and Selby franchise of Premier Sport, an organisation which provides sports coaching in schools.

He says: “I will be focusing on making the franchise a success in the next year or so but I would like to return to financial services in the future.”

Aviva at-retirement director Clive Bolton says: “After 11 years with Aviva, we would like to thank Darren for his significant contributions to the business and wish him every success in his new business venture.”

Syndaxi Chartered Financial Planners managing director Rob Reid says: “The danger whenever providers start trying to cut costs by reducing staff numbers is the service will suffer. Aviva will need to make sure this does not happen or advisers will go elsewhere.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com