Tim Mason and Roddy Munro will join as pension specialists for north UK.
They will support advisers through April’s pension changes with workshops, forums, and one-to-one sessions focussing on practical advice ideas for use with clients.
The appointments will increase Old Mutual Wealth’s specialist sales team to 19 members, with four dedicated to pensions.
Mason is a fellow of the Personal Finance Society, associate of the Pensions Management Institute and a certified financial planner.
He has over 14 years’ experience in the financial services market, including a previous role at Skandia.
He joins from Just Retirement, where he spent three years as key account director.
Munro is a chartered financial planner and associate member of the Chartered Insurance Institute.
He previously worked at Scottish Widows for 24 years, where he supported the London, Scotland, and Northern Ireland sales teams. His role included developing the company’s retirement account proposition and its response to the UK Retail Distribution Review.
Tony Harris, head of specialist sales, said: “The job of our specialists is to take what are very often complex matters and make them accessible for both advisers and their clients, and we have seen unprecedented demand for the kind of support they provide.”
The pension reforms were first announced in last year’s Budget by chancellor George Osborne, and will be enforced from 6 April this year.
Under the plans, someone reaching the 55 will be able to take out their entire pension pot at once, with 25% tax free and the rest taxed at the retiree’s marginal rate, removing the need for an annuity.
