View more on these topics

Standard Life advice arm deputy exits


The deputy managing director of Standard Life’s advice business 1825 is leaving the company after eight months.

Peter Heckingbottom was deputy managing director of Pearson Jones when it was acquired by Standard Life in February.

The deal marked the launch of Standard Life’s advice arm 1825. Pearson Jones formed the North East hub of the advice proposition, and Standard Life plans to launch further hubs throughout the UK as it makes further acquisitions.

Heckingbottom was North East hub deputy managing director, and reported to North East hub managing director Tim Johnson.

The 1825 business is led by chief executive Steve Murray.

Standard Life has appointed Steve Lloyd to replace Heckingbottom. Lloyd is a chartered financial planner and joins from NatWest Private Clients.

A Standard Life spokeswoman says: “Having played a key role in both transitioning Pearson Jones to become 1825’s North East hub and creating the 1825 client proposition, Peter Heckingbottom has decided to leave the business to pursue other opportunities.

“Over the past six months, Peter has played a key role in developing the 1825 client proposition, centralised investment solutions and advisory guidelines.

“We’d like to thank Peter for the great work he has done both for Pearson Jones, and more latterly for 1825, and wish him every success in his future career.”



MPs to probe ‘moving goalposts’ of state pension reform

The Work and Pensions committee is to follow its investigation of the retirement freedoms with a new inquiry into the state pension reforms. The committee says it is worried those close to retirement in particular may not understand the new system, having done most of their planning under the previous rules. It also raises concerns […]


John Lawson: Time to expose the Sipp world’s big secret

Many providers persist in taking a hidden margin from cash held on deposit within Sipps but this practice is out of keeping with the principles of the RDR and modern transparent pricing. A cash account within a Sipp is a necessity. It is into the cash account many new transfers are made, pending investment instructions […]

Adapt or die: How platforms need to evolve to survive

Platforms are reaching a tipping point as the pension freedoms expose creaking technology and pricing pressures continue to squeeze margins. In a controversial state-of-the-market report last week, consultancy The Lang Cat claimed platforms are “dead” in their current form. The report says the platform market is “struggling”, as evidenced by Legal & General’s failure to […]


Santander sets aside £43m for investment advice redress

Santander has set aside a further £43m for investment advice compensation after agreeing a revised redress scheme with the FCA. In results published today for the year to 30 September 2015, the bank says it has set aside an additional £43m relating to wealth and investment products. It says: “The additional provisions were taken following the […]


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