Andrew Tully, technical director at Canada Life, is to leave the insurer after nearly five years.
Tully, who oversees the technical team and is part of senior leadership in the distribution side of the business, is leaving at the end of July.
He has been made redundant as part of a restructuring programme.
He joined the insurer in 2019 from Retirement Advantage where he was pensions technical director.
Tully is a much-loved pension expert with over 34 years’ experience within the pensions and retirement sector.
He regularly comments in the media, speaks at conferences, and is a member of various industry working groups.
Previous roles include senior pensions policy manager at Standard Life and technical development manager at Aegon Scottish Equitable.
“Andrew leaves us as at the end of July, having been made redundant as part of a wider Canada Life reorganisation. He leaves with our best wishes for the future,” a Canada Life spokesperson told Money Marketing.
It is not clear whether other managers are due for redundancy or the nature of the job losses.
However Canada Life UK chief executive Lindsey Rix told Money Marketing that the restructuring is part of its “ambitious transformation programme to support our growth strategy”.
“We’re undergoing an internal reorganisation to accelerate our modernisation to better meet our customers’ needs. Our aim through this work is to simplify reporting lines, improve ways of working and equally build capability to be more competitive in our chosen markets. We will be introducing new roles and changing some roles to create better focus for us as a team.
“We remain focused on building our retail wealth and retirement businesses, while retaining our market-leading group risk position, and delivering the commercial objectives for our shareholders.
“Inevitably, with changes of this scale, regrettably there will be job losses. We are working with colleagues affected by this announcement and will of course fully support them through this change.”
