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First Ailo full-time chief exec

Ailo has appointed its first full-time chief executive in a bid to breathe new life into the organisation and boost its lobbying power.

Stuart Fairclough is taking on the new role with a brief to increase the offshore life industry&#39s profile in the IFA market as well as with industry bodies and regulators.

He will be responsible for improving the service that member companies get from Ailo, with benefits for IFAs such as plans to produce better statistical and market intelligence information.

Touchstone IFA database figures show that over 30 per cent of IFAs wrote an offshore life case in 2002 compared with 15 per cent in 1994.

Fairclough says: “Ailo member firms have over £25bn under management. Ailo is now set to take a far more proactive role in helping develop the future shape and growth of the market, giving offshore life companies the support to move their businesses forward effectively.”


Ship Shape

We believe that formal control is needed across all equity-release products, including reversion schemes and that this should be implemented sooner rather than later. This is all the more pressing when you consider that people&#39s homes are now their most valuable asset, with the average house price currently at around £160,000. However, while the UK&#39s […]

SVM appoints fund manager

SVM Asset Management has appointed Andrew Dykes as European fund manager. Dykes was previously with Martin Currie, where he was assistant manager of Pan-European equities. He joined the group 1998 after training as a chartered accountant with PricewaterhouseCoopers, a background SVM says is ideal for its investment style. Managing director Colin McLean says: “In keeping […]

Mortgage Next targets niche

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&#39State pension falling behind rest of world&#39

The UK state pension system is one of the least generous in the developed world, says pension tsar Adair Turner. The head of the Pension Commission told last week&#39s National Association of Pensions Funds autumn conference that while this was not a problem five years ago because of the UK&#39s strong occupational pension coverage, over […]


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