Old Mutual Wealth has today (9 December) hired Martin Clubbs as pensions specialist in a bid to boost support for financial advisers.
Mr Clubbs will be responsible for the development and growth of Old Mutual Wealth’s platform business, with particular focus on the individual pensions market.
He joins the business with more than 20 years of experience in the pensions and investment industry.
Mr Clubbs was formerly strategic relationships manager at Scottish Widows where he was responsible for managing a team of business development managers and key adviser relationships for corporate pensions business in the north of England.
Old Mutual Wealth said this latest hire is part of the firm’s drive to increase its support for financial advisers following the inception of the pension freedoms in April this year.
The firm added it has doubled the size of its specialist support team from eight to 16 and employed 75 new members in its telephone contact centre across 2015.
Additionally, it is also currently recruiting to double its number of office-based adviser support consultants to 20.
Scott Goodsir, managing director, UK distribution at Old Mutual Wealth, said: “2015 has been a year of significant change in our industry and one of our key priorities has been to enhance our support for advisers to help them deliver excellent outcomes for their clients, particularly following the pension reforms in April.
“2016 already looks like it will offer more of the same so I’m pleased to be adding further expertise to our team.”
Mr Clubbs said: “Old Mutual Wealth is a vibrant, fast developing business with a growing reputation and I’m excited to be joining the specialist team to provide advisers with the help they need. The breadth of talent in the team is unparalleled in the industry and I’m very much looking forward to the task ahead.”
Daren O’Brien, director at Aurora Financial Solutions, said: “It is great to hear when providers are expanding their IFA support teams as all too often these teams seem to shrink when IFAs need them most.
“Hopefully this means that Old Mutual will also be expanding and developing their pension range to meet our clients’ needs following the recent pension freedoms.”
ruth.gillbe@ft.com
