Prudential has reshuffled its senior management team and created a new division to deal with the impact of e-commerce and stakeholder pensions.
The new division is called the group pensions division and its chief executive will be Rodney Baker-Bates, currently managing director of Prudential Corporate Pensions.
Baker-Bates will be joined at group pensions by Alan Smith, currently director of the pensions review unit. He will be managing director, defined contribution and stakeholder pensions.
On the retail side of the business, David Harding will move from his position as managing director of Prudential Life and Pensions to be deputy chief executive of Scottish Amicable.
Two other new appointments are Alan Cook as managing director of retail insurance operations and Martin Brownstein to head of group compliance.