Income Protection Task force co-chairman Clive Waller will step down from his role at the end of the year.
Peter Le Beau will become the sole chairman of the organisation, which was set up to improve awareness and take up of income protection.
Waller has been a senior partner at CWC Research, which provides research data and consultancy to insurance and life and pensions companies, since 1999. He is also currently chairman of The Investment Network, which puts on events and conferences for the investment community.
Prior to joining CWC, Waller was a group director at Zurich’s IFA arm.
Waller says: “Since IPTF was formed my business has become increasingly investment- focused and I no longer have the close contact I used to have with the IP market. The IPTF requires a Chairman who is in day-to-day contact with the income protection market.
“For this reason, I feel it is sensible to let Peter Le Beau assume the chairmanship although I remain deeply committed to the goals and objectives of the Task Force. I am very proud of the spotlight we have been able to throw on what is still a sadly unsold product.”
Le Beau says: “Clive has done a monumental job during his time on the Task Force and has been a very wise counsel to me over the last eight years. He has a great passion for the product and a deep sense of treating consumers properly, which has been of immense value to the Task Force since it was formed. I hope he will be able to stay as part of the executive going forward.”