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Mackay quits Skandia to join Barclays

Skandia is losing another high-profile figure as pension marketing manager Billy Mackay heads for Barclays Wealth Management.

Group investment director Jim Roberts has also announced he is leaving the group.

Mackay leaves after nine years at Skandia to join Barclays as head of pensions. Barclays also appointed National Association of Pension Funds chief executive Christine Farnish as public policy director last week.

He says: “I have worked with a great team here at Skandia but I felt that it was time for a change. Barclays has an interesting range of different things coming up and new opportunities.”

New parent Old Mutual has restructured Skandia to form three separate divisions.

An international division will be headed by Andre Oszmann, an asset management division by chief executive officer Jamie MacLeod while a UK customer proposition, which includes Selestia and Skandia’s multi-funds business, will be run by Brett Williams.

International business division commercial director Michelle Andrews says: “From a decision-making perspective, the new structure means we will be quicker and more effective. We will hopefully be able to introduce more potentially product-based developments and also e-business solutions.”


Packing it in

Shambles is the word that springs to mind when describing the government’s U-turn on home information packs.

The sudden decision not to make home condition reports mandatory when the packs are introduced next June, even though they were supposed to be the main component, was greeted by astonishment.

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