Scottish Widows  

Scottish Widows poaches director from M&G Prudential

Scottish Widows poaches director from M&G Prudential

Scottish Widows has appointed Graeme Bold as director of workplace pensions, a new role being created by the provider.

Mr Bold, who was previously director for operational strategy and insights at M&G Prudential, will be responsible for developing Scottish Widows workplace strategy, including the provider’s group personal pensions and master trusts.

He will also be playing a key role in delivering Scottish Widows’ broader financial planning and retirement strategy, the provider stated.

Prior to joining M&G Prudential in September 2018, Mr Bold was previously strategy director at Standard Life Aberdeen, as well has having held a number of roles in Standard Life, including leading the workplace pension  operations.

Mr Bold said: “There has been significant progress in recent years to increase participation in workplace pensions and lots more we can do to help people prepare for retirement. I am thrilled to be joining a business committed to investing in the market to help achieve this.

“Scottish Widows has a unique position as part of Lloyds Banking Group, with ambitious plans, and a commitment to great service for advisers, clients and members – and I’m excited to be a part of its future.”

Lloyds has been expanding its pension business, after announcing the acquisition of Zurich’s workplace pension arm in October 2017, which included assets under administration of more than £15bn and 500,000 customers.

According to Jeff Sayers, Lloyds managing director of pensions and investments, Mr Bold “brings a huge breadth of experience as a leader within the corporate pensions industry. He will be a valuable asset to the team as we continue to evolve our proposition to become a market leader for advisers and customers.”

FTAdviser reported in July that Loyds is working on allowing savers to top up their pension pot instantly via its mobile app, while also offering guidance and advice solutions through the same service.

maria.espadinha@ft.com

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