Mike Hall, chief executive of Standard Life Healthcare, will be taking early retirement from the company at the end of June 2008. The move has been precipitated by the recent amalgamation of Standard Life’s life & pensions, banking and healthcare operations into one business unit, called UK Financial Services. Hall will retire from full time work but hopes to return to the healthcare sector on a part time basis. Standard Life Healthcare’s chief operating officer since 2005, Bob Watts, will take over the leadership of the businesses from 1 July 2008 as director of healthcare for Standard Life UK Financial Services. He is an Institute of Directors’ chartered director and has been with Standard Life Healthcare for 11 years. Prior to that he was at Norwich Union Healthcare for 4 years.