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ABI picks Saltr chief but won&#39t reveal identity

The ABI has appointed an independent chairman for its Pensions, Protection

and Investments Accreditation Board but is remaining tight-lipped over who

has got the job.

The chairman will be responsible for guidance and supervision on

implementing the Savings and Long-term Risk project which is being

pioneered by the ABI.

The Saltr project has proved controversial, with IFAs and life offices

accusing the ABI of neglecting IFA views. It has also come under fire for

proposing an extension to cooling-off periods from two weeks to two months.

The association is refusing to reveal the Saltr supremo but industry

insiders are touting four likely candidates for the job. According to the

ABI, the candidate must be respected and independent, he or she must be

acceptable both to consumer groups and the industry. The four names in the

hat in the industry are Dr Oonagh McDonald, Janet Walford, Joanne Hindle

and Lord Joel Joffe.

At 6-4, the top money is on former MP and SIB member McDonald although

she denies she has been approached. Experts believe McDonald commands the

most gravitas of the four. Coming up at 4-1, second favourite is former

NatWest pensions guru Joanne Hindle. But Hindle, who recently left NatWest,

is handicapped by the fact that some believe she is too close to the


Money Management editor Janet Walford at 10-1 commands the respect of the

industry and consumers alike but will be hard to coax away from financial


Joffe at 500-1 is the real outsider of the race and is hampered by recent

attacks on the industry.


A plan for all reasons

Despite the challenges that have been posed over the years, IFAs havesurvived in the main. That said, past performance is no guide to the futureand, while I expect IFAs to prosper post-stakeholder, many will need toreconsider their business strategies. Planning for the future may have tobe more thorough than may have been the case in […]

Baggies get a bonus ball worth 150,000

Baggies fan Lynn Marshall is pictured with West Bromwich Albion hotshotstriker Bob Taylor showing off the bonus figure paid by West BromwichAlbion Building Society through the fans&#39 special savings account which hasnetted the side 150,000.The cash injection comes from the society&#39s Albion Premier Saver accountand it takes the total up to 620,000.The club says the […]

Mystery as Mitchell quits for AssureSoft

Mystery surrounds the defection of communications head Nicola Mitchellfrom The Exchange to become sales and marketing director of DBS softwarearm AssureSoft.Legal teams for both firms are believed to be examining the circumstancessurrounding the move. Both parties refuse to comment.Mitchell will be responsible for corporate sales, marketing and PR atAssureSoft which provides an internet portal for […]

Nuki&#39s Eye

If the new “Freedom of Information” Bill now passing through Parliamenthas not yet caught your attention, I advise you to have a close look at itin the next few weeks and then to write to your local MP to complain.The bill – a disgrace from start to finish – is an insult to every Britishcitizen […]


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