Former FCA long-term savings and pensions director Nick Poyntz-Wright has joined closed book provider Phoenix as a non-executive director.
He will sit on the board of the life company, not the group.
In March he was also made a non-executive director at annuity specialist Just Retirement.
Poyntz-Wright joined the FSA in 2011 after seven years as chief executive of Skandia UK then Old Mutual Wealth.
But in September 2015 Money Marketing revealed he had left the FCA. The previous December it transpired he gave the ill-fated media briefing that sent insurer share prices tumbling in March 2014.
In May, Phoenix bought parts of Axa’s wealth business, including Embassy, Axa’s off-platform investment and pension division and Sun Life, its direct protection business which provides cover for the over 50s market.
The deal was worth £375m.
Off to join jolly John Tyner to provide lousy service and rip off as many as quickly as possible. Pirates of the Carribean are pussies by comparison. But just think of the fat pay packet.
Aah! Suddenly it all start to become clear. (MVRs!) I wonder where Baroness Altman will end up? There should be are sticking Covenant on Govt bodies so that Directors / MP’s cannot join a Company within their previous job scope for at least 2 years after leaving. (Not paid for by us either)
B…dy IPAD. ‘…should be a restrictive Covenant…’