Living Time Set For Major Assault On Retirement Income Market With Expansion Of Management Team

Retirement income specialist Living Time has appointed three highly experienced pensions industry professionals to its senior management team to spearhead its expansion into the annuity and Income Drawdown markets.

The three new recruits – Dave Harris, Chris Thorndycraft and Mark Duckworth – have joined Living Time after holding senior positions at major pensions and annuity providers in the UK.

They join the Living Time team, led by chief executive Kim Lerche-Thomsen, which is bringing fresh thinking to the retirement income market through its innovative fixed-term annuity plans.

“Living Time has developed new retirement income solutions that provide mainstream alternatives to lifetime annuities and traditional Income Drawdown,” said Kim Lerche-Thomsen.

“We have not only created a unique proposition but also helped shape a new market that is set for huge growth as retirees and their advisers seek more cost effective and flexible income options. These appointments reflect our success to date and our confidence that we will further strengthen our position within the retirement income market in the future.”

Dave Harris has been appointed Sales & Marketing Director, bringing 20 years’ experience in the financial services industry, the last six at Prudential UK where his most senior role was distribution and channel marketing director.

Chris Thorndycraft brings 17 years’ industry experience to his new role as Business Development Director at Living Time. He previously headed up the Bank of Scotland Annuity Service (BoSAS), the leading annuity IFA in the UK, before moving to Prudential UK in 2005 where he was head of channel development.

Mark Duckworth joins Living Time as Partnership Director. He has previously held senior distribution and strategic roles at Scottish Amicable and AXA before joining Prudential UK as partnership director.
“We are building a team with the ambition, knowledge, ideas and experience to challenge conventional thinking and create new solutions that will revolutionise the retirement income market over the next few years,” said Kim Lerche-Thomsen.

“We put simplicity, and flexibility at the heart of our proposition. Changing consumer and regulatory demands are creating challenges for others, but in this changing environment Living Time is set to thrive – with advisers and consumers increasingly choosing our fixed-term annuity solutions over existing conventional annuity and drawdown products.”

Keywords: Pension, Annuities, Annuity, Pensions

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