Skandia UK sales head Powell to retire

Skandia UK sales director Steve Powell is to retire at the end of the year after 23 years with the group.

Skandia said it is currently searching for a replacement for the role. "Steve has had a long and distinguished career at Skandia spanning more than two decades. During that time, Skandia has become recognised as a leading provider, serving the financial adviser community and Steve has played a key role in helping to build that position," said Skandia UK managing director Peter Mann. Skandia added Powell had been "an instrumental part of building Skandia's strong position in the financial adviser market."