View more on these topics

Mackay returning to Skandia after a month

Billy Mackay is returning to Skandia after leaving to join Barclays Wealth Management just last month.

Mackay, previously pensions marketing manager at Skandia, returns in the elevated role of head of marketing across the life and pensions division.

He will be responsible for developing Skandia’s range of multi-manager life and pension products, reporting to Skandia UK group chief executive Nick Poyntz-Wright.

Mackay says: “This decision is purely about the opportunity I have been offered at Skandia. The business model at Skandia is ideally suited to today’s market and as a result the company is experiencing significant growth.

“Having access to the best elements of both Skandia and Selestia will only enhance this and the opportunity to play a part in shaping the future product is very attractive.”

Poyntz-Wright says: “Billy is recognised as a leading and influential figure in the industry and has nine years experience of the Skandia business. I am delighted that he has agreed to take on this expanded role at what is undoubtedly an exciting time for the Skandia UK group.”


Cummings warns on policing problems

Aifa director general Chris Cummings says providers checking the quality of advice could lead to confusion over responsibility for misselling.He says it would also result in providers’ second-guessing IFA decisions and lead to problems with the Data Protection Act if providers want evidence to back advisers’ decisions.Cummings says providers take greater responsibility for quality of […]

The churning point

FSA chairman Callum McCarthy has called for urgent change to financial services distribution models, which he says are failing consumers, advisers and providers. Speaking to savings and pensions industry leaders, McCarthy criticised commission bias and provider incentives, which he claims are causing detriment to consumers. On the issue of churning, he said: “This merry-go-round, as […]

Carry on churning, says ABI chief Haddrill

Association of British Insurers director general Stephen Haddrill says churning is essential to drive competition and financial services is the only industry where a degree of churn is not seen as positive. Speaking at a Labour party fringe event in Manchester on Tuesday, Haddrill hit back at FSA chairman Sir Callum McCarthy’s claims that the […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm