Scottish Widows has appointed Stuart Reid to a newly-created role of head of business development, to lead growth in its contract based and master trust schemes.
He joins the insurer on 1st May, as the provider targets a 15 per cent market share of workplace pensions by the end of 2020.
Reid previously worked fro Hymans Robertson, Willis Towers Watson – where he worked on the LifeSight master trust proposition, and Capita Employee Benefits.
At Hymans Robertson he was responsible for driving growth in its DC pensions, as well as the company’s employee benefits offering, financial education, scheme actuary, pension administration, and b2b technology.
He was previously head of sales for Willis Towers Watsons’ Master Trust, and spent two years as director of benefits consulting at Aon Employee Benefits. He worked with Bluefin Corporate Consulting for four years and spent one year with Gissings Pension Consultants. He began his career at Standard Life, where he spent 10 years.
Reid says: “It has been invigorating to see the passion and commitment Scottish Widows has to building its services around what intermediaries and employers really want. Given the challenging times we’re living though, it’s vitally important that employers get the help they need to provide their staff with the reassurance that their long term savings are secure.”
Scottish Widows workplace savings and distribution director Jackie Leiper says: “It is a pleasure to welcome Stuart to the team and we are excited to work with him as he brings a great deal of energy and drive, in addition to his expertise in the master trust sector. By creating this role and appointing such an experienced person, we are sending a clear signal to the market that we are moving at pace to achieve a 15% market share by the end of the year.”
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