Ex-FCA pensions director Poyntz-Wright joins closed-book firm Phoenix

Poyntz-Wright-Nick-FCA-2013 500 x 320.jpg

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.