Simon Chrystal and Paul Butler have been appointed as managing director and operations director respectively, and will oversee the development of the brand, which was launched earlier this year.
DeVere said the appointments have come in response to a “soaring demand for a fresh approach to traditional retirement planning strategies” in the workplace, driven by the “new era of pension freedoms and flexibilities”.
Chrystal said the division will look at pension transfers where an individual looks to access the new freedoms available within defined contribution schemes.
It will also cater to situations where an individual wishing to transfer out of a defined benefit scheme requires independent financial advice.
“This has primarily been driven by the new Pensions Bill, initiated from the Freedom and Choice agenda, as introduced by chancellor George Osborne in March 2014,” he added. “DeVere is wholly committed to using its considerable resources to set the pace of improvement for the industry by launching Workplace Solutions.”
Chrystal was formerly head of Oval Pension solutions, while Butler joins from NGIA where he was a director.
The appointments were driven by deVere’s acquisition of NGIA.
Mike Coady, on behalf of deVere Group, said: “This division, which provides highly specialist advice to corporations’ current and former employees to help them meet their long-term financial objectives, has already secured a number of contracts, with leading multinational firms.
“I am confident that with Simon and Paul at the helm, Workplace Solutions will grow to truly define and lead this rapidly evolving sector.”
Last month, deVere launched deVere Mortgages, a standalone mortgage division designed to cater to a “skyrocketing demand” from UK expats.
