Derek Netherton to step down after 10 years as Canada Life UK chair

Andy Watson to take over

Julia Bahr
clock • 2 min read

Andy Watson, currently a non-executive director at Canada Life, has been appointed as incoming UK chairman, subject to regulatory approval, the firm revealed.

He will replace Derek Netherton (pictured) who is set to step down later this year after 10 years at the helm. Netherton was non-executive director at Next Group for 12 years from 1996, chairman at Greggs for 11 years from 2002 and chairman at Opera North for four years from 2010. He has been non-executive director at Irish Life since 2013. Netherton's career began at Schroder Wagg in 1981. He stayed with the firm for 15 years. Lindsey Rix, CEO at Canada Life UK, said: "I would like to thank Derek for his direction as he steered the business through an ever-changing economic and regul...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on People

People Moves: Vanguard promotes Rachel Baxter to head of investment management in Europe

People Moves: Vanguard promotes Rachel Baxter to head of investment management in Europe

Based in London

Professional Adviser
clock 13 July 2026 • 1 min read
Advisers face CII sanctions over conduct failures and ethics breaches

Advisers face CII sanctions over conduct failures and ethics breaches

Members face disciplinaries over abusive emails and racist social media posts

Isabel Baxter
clock 09 July 2026 • 5 min read
EV promotes Chet Velani to CEO

EV promotes Chet Velani to CEO

Been with the business for more than 18 years

Jenna Brown
clock 09 July 2026 • 2 min read