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Darling&#39s new pensions department boosted by big hitters

The new work and pensions department has been given a significant boost with the appointment of two relatively senior figures from within New Labour’s ranks to back up Secretary of State Alistair Darling.

The reformed Department of Social Security sees Ian McCartney, the former minister of state at the cabinet office, become pensions minister, seen by many commentators as a significant upgrading of the post.

Nick Brown, the former Agriculture Secretary comes in as Darling’s number two.

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FSCS appoints new head of communications

The Financial Services Compensation Scheme has appointed Heather Tilsten, 32, as its new head of communications. Her remit includes raising awareness of the scheme among consumers and the industry. Part of her role will be to ensure the smooth transition of seven bodies, the Investors Compensation Scheme, the Building Society Investors Protection Scheme, the Deposit […]

LIA critical of ABI in response to Euro Saltr probe

The European Commission is investigating the ABI&#39s Raising Standards initiative to ensure it does not violate its competition rules. The Commission Directorate General for Competition is writing to a number of trade associations to ask a range of questions focusing on how much they have been included in the ABI&#39s consultation process. The letter asks […]

Independent closes to new business

General insurer Independent Insurance has stopped trading as its reinsurance provision and the scale of its liabilities has been put into question.Independent specialises in insuring companies against claims from staff, and has seen an upsurge in its liabilities as the “claims culture” has grown. Aggressive advertising from solicitors, including promises of “where there&#39s blame there&#39s […]

Flexible whole life continues to decline

Hopes that sales of flexible whole life policies had turned the corner to recovery in 1999 have been dashed this year. Following years of decline, sales figures for flexible whole life policies jumped from 188,000 in 1998 to 202,000 in 1999 according to the Association of British Insurers (ABI). However, in 2000 the fall resumed […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]

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