There has been an exodus of Scottish Provident senior and sales management
only days after the transfer of business to Abbey National, with five top
figures leaving the firm.
UK chief executive Barry Rose, head of marketing and business development
David Robinson, head of HR Tracey Ashworth-Davies, head of strategic
planning and compliance Dianne Haley and head of finance Mike Morgan have
all left the company.
Many of the front-line IFA sales managers are also set to leave.
Abbey National took control of the company on August 1 but many ScotProv
staff have been disgruntled by Abbey's handling of the takeover which
clearly placed Abbey-owned Scottish Mutual at the helm of the group. Head
of sales Alistair Schofield left ScotProv last November.
It is understood that David Robinson will be heading Scottish Life's new
protection business and a number of key ScotProv staff are being lured away
with offers of salary increases of up to 40 per cent.
The new ScotLife business will be running within months and will start
with a big team of staff, with many believed to be from ScotProv.
ScotProv spokeswoman Susan Sneddon says: “It is hoped the majority of
staff will be staying with the group. Some of the senior management team
has gone but that is inevitable in this situation where there is
duplication at the top level.”