Simon Foster has been appointed chief govt of Barnett Waddingham SIPP taking up from Julia Bassett who had held the place for 13 years.

Mr Foster’s appointment is topic to FCA approval.

He has been with BW for 3 years as head of proposition and implementation.

Earlier than becoming a member of BW in 2019 he was with Zurich for 27 years holding a a number of variety of positions, together with head of Zurich’s worldwide company pensions and company threat enterprise. 

Simon Foster stated: “BW SIPP’s fame for technical excellence within the market, alongside the agency’s long-standing buyer centered tradition is what attracted me to this function. I look ahead to taking the reins and dealing carefully with our enterprise companions, particularly in response to the FCA’s Client Obligation.” 

Alex Pocock, managing companion at BW, stated: “Simon’s earlier expertise as a frontrunner of a big pension administration enterprise, a director of a SIPP operator and a FCA Accepted Individual equips him effectively for the function.

“I’d additionally wish to take this chance to thank Julia Bassett for her super contribution as the top of BW SIPP over a variety of years.”

Julia Bassett has been appointed head of partnership issues for BW on an interim foundation. Below her management BW SIPP grew considerably.

It now administers greater than 62,000 SIPPS and has greater than £13bn in belongings beneath administration, together with greater than 1,300 business properties.

The organisation has accrued important expertise in offering white-label SIPPs and third-party administration.

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