Colin Jelley to leave Skandia

Further loss of intellectual capital at Skandia

How sad it is that Skandia are losing so much of their highly intelectual property.

Colin is the latest in a long line of quality people departing from Skandia and some of their replacements are nowhere near the calibre of the people they are replacing.

I wonder what is going on within this organisation. It certainly gives the impression that Peter Mann seems determined to "clean house" but to lose your quality people certainly appears to be a high risk strategy and one which I will be watching closely.

Indeed. Perhaps a further sign of things to come? The new website intrigues but I am sure advisers clients will enjoy it...........

We never did find out the real reason for Nick Poyntz-Wright's departure. I asked our Skandia BC but he offered no real answer and changed the subject a.s.a.p. so he'd obviously been gagged.

Has Colin Jelley jumped or was he pushed?

Best wishes Colin.

Pushed as would read into part of the next stage of cost cutting by old mutual.

Unfortunatly we are in an industry that the FSA/Consumer bodies expect to work for free and with the capitulation of the industry both from a provider point and adviser point we are making our own bed for the future.

This is the flip side of RDR that the further we go along the more that skills both technical & advisory will depart the sector and those left will only serve the HNW end of the market who can afford to pay.

Unfortunatly part of this will mean that middle England will lose out from what the industry could have done for them. I accept that the indutry has not crowned itself in glory for the mass population in probably the last decade or more and it has been only those higher up the food chain who benefit from those with great technical ability.

We need to try and reverse this trend if finacial services as a proffession has any part to play in social stewardship.

Providers and IFAs need to think how they can reverse the trend of all targeting the same land grab of assets that are only controlled by approx 5% of the population. The industry ignores the other 95% of the population at its own peril and for this reason is losing its voice in the bigger arguments on RDR.

Good luck for the future Colin.

Rats always leave a sinking ship but it seems in this case that the rats have remained and the good people are getting away.

Concerns around why so many good people are leaving/pushed within this organisation.

I am sure a man of his caliber will be highly sort after.

Best of luck Colin!

MPT. Well said, particularly paragraph 6!!

It is a sad fact, that the people that need the best advice are mostly the ones that are least able to afford it. Still, I'm sure that the Banks will look after them, in the appropriate fashion!

Back on topic, I'm sure that Colin will be "snapped up" sooner, rather than later.

I would think there are probably very few IFA's who have not benefitted from Colin's expertise over the years and I would only echo the majority of the other contributors comments in that Skandia are losing another considerable asset which may put off IFA's using them in the future.

Good luck wherever you go Colin

I have benefitted from Colin's input since I was a tied agent at Albany Life. Colin's technical expertise on tax and trusts is really second to none and I would expect him to be inundated with offers of future employment.

And I would (like everyone else) like to widh Colin every success with whatever he decides to do next.

........ Colin, unfortunately as echoed above a casualty of Skandia's cost cutting tactics. I guess this goes to prove that their move to remove initial charges meant that the service rug needed to be pulled across the business.