Neil MacGillivray retires from Nucleus after 25 years

MacGillivray said the time had come to retire and focus on the next chapter of his life, after an established career at James Hay and as a regular commentator in the trade press.

He joined James Hay in 1998 and remained with the company through its acquisition of Nucleus in 2021 and its recent rebrand taking on the name of the company it bought.

MacGillivray said: “After a 25-year career working for James Hay and latterly Nucleus, and with the grand old age of 60 fast approaching, I have decided it is time to retire and focus on the next chapter of my life. 

“There has been a lot of major changes in financial services over this time such as RDR, pensions simplification, pensions freedoms and of late consumer duty.  

“It has been a privilege to have been able to deploy our insight to help advisers navigate these and understand the implications for them and their clients.”

MacGillivray joined James Hay after 17 years with the Royal Bank of Scotland where he latterly worked in the bank’s private trust and taxation department.  

During his time with James Hay he built the reputation of what is now Nucleus’s technical support unit as a go-to-provider of insight and commentary on all tax, trusts and pension issues.

MacGillivray also served on the committee of the Association of Member Directed Pension Schemes from 2010 to 2016, the last three years as chairman, representing the interests of the Ssas and Sipp product sector.

Alex Kovach, chief commercial officer at Nucleus, said: “On behalf of everyone at Nucleus I would like to thank Neil for his contribution over a long and successful career with the group. 

“His technical knowledge on pensions, tax and trusts is formidable and he is highly regarded by advisers providing insight and expertise to help them deliver better outcomes for their customers, and ultimately help make retirement more rewarding.

“He leaves with our very best wishes for a very long and happy retirement.”

amy.austin@ft.com