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Fay Goddard to take on senior role at CII

Aifa deputy director general Fay Goddard is to take up a senior role at the Chartered Insurance Institute, Money Marketing understands.

Money Marketing revealed earlier this month that Goddard will step down from her current role at Aifa in July, after 10 years at the trade body.

Goddard began working for the IFA Association in 1997, concentrating on the pension review, before it became Aifa.

She worked as Aifa director of policy and technical services before becoming deputy director general when Cummings became director general. Goddard began her career in the pension team at Norwich Union before qualifying as an IFA.

The CII refused to comment on the appointment.

Highclere Financial Services partner Alan Lakey says he hopes Goddard will bring a degree of reality to the CII.

He says: “People on the ground have a view of the CII as being slightly elitist. As Fay is clearly aware of the realities for the average adviser she might be able to bring a breath of fresh air to a rather stuffy environment.”

CBK principal Peter Chadborn says he believes Goddard is an ideal candidate to help lead the drive towards higher qualifications.

He says: “She has certainly done a good job at Aifa and is a well respected figure. Someone like Fay can demonstrate that she’s got a real understanding of IFAs’ needs and concerns.”


Speak for yourself

It would be remiss of me not to voice my views on the FSA’s 41-page interim retail distribution review paper in this column. After all, the RDR will dictate whether we move forward into the 21st century offering professional financial advice to consumers that is unbiased, transparent and available through all delivery channels.

Mutual respect

Old Mutual has attracted another top fund manager, Simon Murphy, ex-M&G, who has recently taken over the management of the Old Mutual UK select equity fund.

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


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