Tom McPhail announces pensions departure after 20 years

Hargreaves Lansdown head of policy, Tom McPhail, has announced his departure from the pensions industry after 20 years.

He will be joining the electric mobility retailer, Pure Electric, which was founded by former Hargreaves Lansdown managing director, Adam Norris.

McPhail has been with Hargreaves Lansdown for over 18 years, initially acting as head of retirement policy and more recently as head of policy.

Holding a prominent position in the pension industry, McPhail has been both a Pension Policy Institute governor and a member of the Life and Pensions Steering Committee for over 10 years.

Previously, he has also held the role of chairman for the Pensions Income Choice Association and was Torquil Clark’s pension development manager for over four years.

Announcing the move via Twitter, McPhail, an avid cyclist, suggested that the opportunity would allow him to pursue interests more aligned with his own values.

McPhail has been a prominent spokesperson throughout his time in the industry, most recently speaking out on issues such as the risk of harm stemming from pension freedoms, and updated FCA cost disclosure requirements.

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