Openwork annuity consultant Chris Dineen has left his role at the network’s IFA arm, Openwork Market Solutions.
Openwork refused to confirm the reason Dineen’s departure. However, Dineen recently accused enhanced annuity specialist Partnership of “cynically buying distribution” and “dumbing down” the advice process ahead of the RDR in a LinkedIn discussion forum.
OMS is running a pilot with Partnership which could see clients with small pension pots directed towards Partnership.
Openwork proposition and marketing director Philip Martin says: “We can confirm Chris Dineen’s employment contract ended on March 9 although we cannot discuss individual circumstances.
“Openwork Market Solutions is running a pilot with Partnership to establish if clients with smaller pension pots might be better off with an enhanced annuity. This is part of a process to establish whether better outcomes can be delivered to clients where it is not economically viable to offer face-to-face advice.”
Partnership declined to comment.
Dineen, who joined OMS in April 1998, also worked as a project manager and paraplanning team manager. He declined to comment on his departure.