Scottish Life International marketing director John Allison is to retire next year after 32 years in the industry.
Allison, 55, is looking at a number of non-executive directorships.
He joined Scottish Life in 1972 and has held a variety of marketing roles. He became marketing manager of Nat-ional Mutual Life, where he launched a self-administered pension operation.
In 1981, at Vanbrugh Life, a subsidiary of Prudential, he set up the industry's first loanback pension arrangement.
In 1985 at Scottish Mutual, he helped to launch the first risk-graded managed funds.
In 1983, Allison ran a marketing company called Money Marketing (design) working on campaigns for Zurich Life, Fidelity, Britannia and Scottish Mutual.
In 1996, he rejoined Scottish Life as one of the architects of its international subsidiary. He set up capital-protected products called deposit bonus funds. Allison challenged Rich-ard Branson to a £6,000 bet for charity that the fund would outperform Virgin's index-tracking fund.
Allison won the bet in May 2003 when the Virgin tracker lost more than 32 per cent over five years and SLI's fund fell by 5.3 per cent.
Royal London chief executive Brian Duffin says: “John can certainly look back at what he has helped create at SLI and see a company with a strong industry profile and a unique reputation for product innovation.”
Allison says: “Thirty-two years in the business is a pretty fair innings. This is definitely farewell from me to the corporate marketing life but I will now be able to reconsider some of the more interesting offers I have had over the past few years of non-executive director roles.”