Dealer group Plan B has appointed the former head of Skandia Australia, Andrew Black, as its new CEO.

Mr Black was made redundant from the Skandia role when IOOF bought the business in 2009. He had joined the company the previous year from St George Bank, where he was head of margin lending.

Plan B Chairman Bryan Taylor says Mr Black’s appointment comes as the group embraces the Future of Financial Advice (FOFA) reforms.

“I can proudly say we are ahead of the game in terms of the proposed FOFA legislative standards and consumer protection measures,” he said.

“This means Plan B, under Mr Black’s guidance, can focus on the growth opportunities the environment presents.”