Scottish Widows intermediaries director Simon Massey and employee benefits and direct distribution director Andy Barton have left the firm following a restructure, as the provider focuses on supporting advisers and employers through automatic enrolment.
The restructure, led by pensions and investments director Ronnie Taylor, will see the creation of a new specialist auto-enrolment team to work with advisers and employers from the beginning of next year.
Massey and Barton have left the provider as part of the restructure.
Taylor says: “By the end of 2013 we will have helped around 300 large companies work their way through auto-enrolment, but the main challenge lies ahead, with smaller employers, who may lack the knowledge and expertise associated with the changes reaching their individual staging dates from as early as next year.
“Our primary objective is to support employers and advisers through this transition, helping them to navigate through the auto enrolment journey, with the end goal of ensuring that an increased number of people in the UK are saving towards a more comfortable retirement.
“It is of paramount importance we have the right structure and strategy in place in order to deliver this.”
On Massey’s departure, Taylor says: “Simon and Andy have played an instrumental role in building Scottish Widows into the force it is today. We have been able to develop the new strategy on that foundation and we wish them all the best for the future.”