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Former Standard Life platform director joins Mercer

Former Standard Life platform director joins Mercer
 Steve Sands

Standard Life's former platform distribution director is joining global consultancy firm Mercer to head up its financial planning business. 

Steve Sands will be responsible for integrating the teams of Mercer Jelf Financial Planning and Jardine Lloyd Thompson, the employee benefits provider bought by Mercer's parent company, Marsh & McLennan, last year in a £4.3bn deal

Mr Sands will merge the two financial planning teams under one business and oversee a team of 200, including 50 financial planners.

Most recently he was the UK director of platform distribution and workplace relationships at financial services giant Standard Life, having previously held roles as head of UK platform intermediary relationships and head of UK platform relationships.

Mr Sands said: "I am delighted to take on this role at Mercer at such an exciting time. In an ever more complex world of pensions and investment, we are well positioned to help our clients navigate their financial challenges.

"With a technology enabled process, we aim to help them meet their long-term objectives and ultimately give them peace of mind."

Mercer launched the Mercer Jelf Financial Planning brand in 2016 following a major business restructure, with the company stating at the time it was responding to increased demand from employers to facilitate "impartial guidance and financial advice" for their employees. 

Benoit Hudon, head of wealth at Mercer UK, said: "Financial planning can be a complicated and time consuming process, so having trustworthy expert advice is key.

"We are pleased to have Steve join us, as we feel that his passion and comprehensive knowledge of the market will ultimately help our clients best address their financial issues and goals."

rachel.mortimer@ft.com 

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