Nucleus has wasted no time in snapping up former Canada Life technical director Andrew Tully.
He will oversee the technical support team at the platform and pensions business.
As technical services director, Tully will be responsible for the analysis and interpretation of regulation, legislation and taxation issues.
His team will help advisers so they can better support clients. Tully will join Nucleus on 29 September.
He has almost 35 years’ experience in the pensions and retirement sector.
In July, Money Marketing reported Tully had been made redundant after nearly five years at Canada Life.
His shock departure came about because of a restructuring programme at the financial services provider.
Tully was part of the senior leadership team in the distribution side of Canada Life’s business.
Other staff members at Canada Life could also face redundancy.
The firm plans to simplify reporting lines and be more competitive in its chosen markets.
Several Canada Life products, which span investments, retirement and protection, among others, can only be accessed through a financial adviser.
At Nucleus Tully will replace head of technical support Neil MacGillivray.
Last week Money Marketing reported MacGillivray will retire later this year.
He will handover to Tully in the coming months and depart at the end of 2023.
The role’s remit will be expanded to include a focus on helping shape Nucleus’s retirement propositions.
This will involve working with industry groups and lobbying regulators and government.
Tully will report to Nucleus propositions director Chris Williams.
MacGillivray has spent the past 25 years at James Hay and then Nucleus. He is looking forward to more travel and time with his family.
The Nucleus name has been adopted for the combined business of the James Hay and Nucleus platforms.
It has gone on to acquire Curtis Banks, having received the go ahead from the Competition and Markets Authority earlier this month.
The deal completed yesterday and is expected to create a retirement-focused adviser platform business with approximately £80bn of assets under administration.
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Tully said: “I’m delighted to be joining Nucleus at this exciting time in the platform’s evolution, as it cements its position as a scale player in the industry with a very clear purpose to help make retirement more rewarding.
“I’m looking forward to working with the team to play my part in helping to build the best retirement platform for advisers and their clients, and to improving understanding of pensions so that more people can look forward to a secure and rewarding future.”
Tully has provided commentary for Money Marketing for several years.
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He has often helped delve into the technical detail on Budget day and explain what the latest announcements are likely to mean for advisers.
Chris Williams, proposition director at Nucleus, said: “We welcome Andrew to Nucleus and are thrilled to have attracted a true industry heavy-hitter to our growing team. He has an impressive track record of championing the retirement causes of interest to advisers and their clients, and is one of the best known and most respected pensions names in the industry.
“He’ll also help us shape our retirement proposition, ensuring that our priorities are aligned with those of advisers and that we support them in every way we can to help their customers plan for retirement.”
Prior to working at Canada Life Tully was pensions technical director at MGM Advantage.
He has also held senior roles with pension providers including Standard Life and Aegon.
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