Bill Finch was named head of sales at multiemployer retirement plan Salvus Master Trust, a Salvus spokesman said.
Mr. Finch replaces Graham Peacock, who joined Scottish Widows as head of propositions within the workplace savings team. The position is new, a Scottish Widows spokeswoman said.
At Salvus, Mr. Finch is responsible for developing master trust authorization strategies and secondary market propositions.
"This is an exciting time for Salvus, and we're delighted to have someone of (Mr. Finch's) experience on board," Steve Goddard, founder of Salvus, said in a news release. "The use of master trusts continues to gain in popularity, and he brings a breadth of knowledge and expertise that will help us as we look to grow our proposition and support more employers and individual members."
Mr. Finch was head of payroll intermediary relationships at B&CE, the provider of the £4 billion ($5.2 billion) People's Pension multiemployer defined contribution plan. A spokeswoman declined to provide details of his replacement.
Salvus has £150 million in assets.