IFAs believe that tax expert Colin Jelley’s departure from Skandia is a big loss for the provider.
Skandia confirmed last week that Jelley is leaving his role as head of proposition marketing at the company.
Jelley has been at Skandia for 17 years, working in a range of technical and product marketing roles. For the past 10 years, he has led Skandia’s thinking on tax and financial planning.
He has also chaired the ABI’s product tax panel for the last decade and led the industry’s response to many legislative changes such as the changes to inheritance tax treatment of trusts in 2006.
Graham Bentley, who was head of investment marketing at Skandia, has been appointed as his replacement.
Jelley says: “I have agreed to stay with Skandia until Christmas and it has been a difficult decision to move on. Working at Skandia has been hugely enjoyable. I am looking forward to exploring opportun-ities which will enable me to play an active role in the ongoing development of customer-focused financial services.”
Hargreaves Lansdown head of advice Danny Cox says: “He is a highly respected figure in the industry with a significant amount of expertise and knowledge, so he is going to be sorely missed by Skandia.
“In order for Skandia to remain committed to the IFA market, they need to provide technical support and so you would have thought this kind of move is bad news for Skandia. Good technical people do not grow on trees.”
Syndaxi Financial Planning director Robert Reid says Jelley’s technical skills will be missed by Skandia.
He says: “Colin has a real gift as a technical person. He is able to make the complicated simple and that makes it far easier to apply to real-life client situations.”