Nucleus’s head of technical support Neil MacGillivray will retire later this year after a long and distinguished career in financial services.
Well known for assisting advisers with technical problems on general tax and trust issues, MacGillivray has decided it is time to focus on other things.
After more than 25 years at James Hay and then Nucleus, he will have a handover period before he bids farewell to the company.
Money Marketing was first to reveal the Nucleus name had been chosen as the brand for the combined company, which was formed with the coming together of the two platform businesses in August 2021.
MacGillivray joined James Hay in 1998 as head of technical support. It followed 17 years with the Royal Bank of Scotland where he latterly worked in the bank’s private trust and taxation department.
A contributor for Money Marketing and other trade titles, MacGillivray has helped share his wisdom with the wider financial advice community.
Neil MacGillivray: How about this for a DB dilemma?
Neil MacGillivray, head of technical support at Nucleus, said: “After a 25-year career working for James Hay and latterly Nucleus, and with the grand old age of 60 fast approaching, I have decided it is time to retire and focus on the next chapter of my life.
“There has been a lot of major changes in financial services over this time such as RDR, pensions simplification, pensions freedoms and of late the Consumer Duty.
“It has been a privilege to have been able to deploy our insight to help advisers navigate these and understand the implications for them and their clients.”
MacGillivray also served on the committee of the Association of Member-Directed Pension Schemes from 2010 to 2016. He spent his last three years there as chair, representing the interests of the small self-administered schemes and self-invested personal pension product sector.
Alex Kovach, chief commercial officer at Nucleus, said: “On behalf of everyone at Nucleus I would like to thank Neil for his contribution over a long and successful career with the group.
“His technical knowledge on pensions, tax and trusts is formidable and he is highly regarded by advisers providing insight and expertise to help them deliver better outcomes for their customers, and ultimately help make retirement more rewarding.
“He leaves with our very best wishes for a very long and happy retirement.”
Earlier this month, the Competition and Markets Authority approved Nucleus’s acquisition of Curtis Banks.
