New SIPP business Independent Non-Executive Director to prioritise Consumer Duty

SIPP market expert Mark Smith has been appointed as an Independent Non-Executive Director (INED) to BW's SIPP business board to champion customer interest in response to the Financial Conduct Authority’s Consumer Duty regulations. 

Mark Smith has over 35 years' experience in financial services and the personal pensions industry. He is currently a founder, Director and Non-Executive Director of several relevant businesses. He spent 10 years at Mattioli Woods as a main PLC board director, departing as Chief Operating Officer in 2018, where he had overall responsibility for delivering the group’s services to its clients including oversight of all Financial Conduct Authority regulatory requirements. 

Mark’s extensive experience of the SIPP market and wider investment industry, as well as his specialist compliance background and deep knowledge of the FCA’s rules and expectations, were key to his appointment. 

The FCA’s Consumer Duty regulations are a key priority for BW. Mark’s experience and knowledge of this will be extremely advantageous and his appointment is testament to our commitment to achieving the best outcomes for our customers. 

Simon Foster, CEO at BW SIPP, said: “BW SIPP is determined to deliver good outcomes for our customers and with Consumer Duty as a key priority, Mark’s experience at board level will be invaluable. He will give us an extra layer of challenge to ensure we consider customers fully in our business decisions.” 

Mark Smith, Independent Non-Executive Director for BW SIPP, said: “I am delighted to be joining the Barnett Waddingham SIPP Team as an INED at such an important time. BW has a great reputation in the SIPP market and a clear vision and ambition to remain a market leader in terms of both its proposition and growing the business, focused on delivering great client outcomes and value for money.  I look forward to working with the team and helping them achieve their ambitions.”