Sipp department head departs and new Sipp to launch

Change is afoot in AXA Wealth's Sipp department with its section head leaving the firm and a new product launching. Nick Elphick, head of the company's specialist Sipp and onshore bond division, will step down after 28 years with the business.Responding to the radical reforms in pensions the firm has developed a new on and off platform Sipp, which will be available from April 2015.The company has announced a restructure in management, which it said is simplified.The idea is to place less emphasis on promoting individual business areas and more on enhancing the overall customer experience, it said.A new customer services director, Mike Shrimpton, comes in, while David Thompson, former managing director for Elevate from AXA Wealth, is appointed to the new role of managing director of business development and proposition. {desktop}{/desktop}{mobile}{/mobile} Dave Cheeseman, formally finance director, will run a new commercial operations division, looking after IT, operations and finance.Mike Kellard, chief executive officer, AXA Wealth, said: "We operate in a fast-moving world – customers' needs change and technology brings new opportunities; we must continue to build a business that makes the 'customer' central to everything we do."As a company we have always been responsive to change; we were big supporters of RDR, and we are very supportive of the pension overhaul announced by George Osborne in March, which I believe will make a huge difference to people's lives."At last, a government is treating us all like adults, and giving us all real flexibility in how we choose to save for retirement and receive retirement income."

Sipp department head departs and new Sipp to launch

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