Barnett Waddingham has appointed Simon Foster as the chief executive of its Sipp business.
Foster has previous experience as a leader of a pension administration business, a director of a Sipp operator and as an FCA approved person.
He has been with Barnett Waddingham for three years in a cross-company role as head of proposition and implementation.
Before joining Barnett Waddingham in 2019 he was with Zurich for 27 years across multiple roles, including head of Zurich's international corporate pensions and corporate risk business.
He succeeds Julia Bassett who has stepped down from the role after 13 years.
Bassett has now been appointed head of partnership matters for Barnett Waddingham on an interim basis.
Foster said: “BW Sipp’s reputation for technical excellence in the marketplace, alongside the firm’s long-standing customer focused culture is what sets us apart – and what attracted me to this role.
“I look forward to taking the reins and working closely with our business partners, especially in response to the FCA’s consumer duty.”
Alex Pocock, managing partner at Barnett Waddingham, said Foster was well equipped for the role.
He added: “I look forward to working with him going forward.
“I would also like to take this opportunity to thank Julia for her tremendous contribution as the head of BW SIPP over a number of years.”
Barnett Waddingham administers over 62,000 Sipps, totalling over £13bn in assets under administration, including over 1,300 commercial properties.