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Former IFA heads ABI&#39s Saltr project

Former IFA Stuart Tragheim has been appointed the new project director for the ABI&#39s Raising Standards initiative.

Tragheim, 36, has taken the reins from Andrew Stoker. He will be responsible for managing the Saving and Long-Term Risk project which aims to benchmark life office brands that meet the standards maintained by the independent Pensions, Protection and Investments Accreditation Board.

He joins from Teachers Provident Society where he was director of affinity relationships between 1994 and the end of last year. Previously, he worked at Schroders and Skandia Life, having spent a number of years as an IFA.

One of Tragheim&#39s key responsibilities will be to finalise the Raising Standards customer satisfaction benchmark and ensure life offices have sufficient advice and support as they work towards accreditation. He will also oversee the first raft of life offices which are attempting to meet the three Saltr consumer promises. An unconfirmed number of insurers are currently undergoing “dry runs” ahead of trying for the qualitymark in October.

ABI director general Mary Francis says: “Stuart brings with him a wealth of experience which embraces sales and marketing across a broad range of products and distribution channels, as well as in-depth knowledge of the IFA market. All this will prove invaluable in this complex project.”


NU says IFA market means it must use genetic tests

Norwich Union has blamed IFAs over its controversial use of three genetic tests when underwriting life insurance. Before the Parliamentary science and technology committee last week, chief actuary Mike Urmston said as NU is in the IFA sector, it must have access to all available information. The three tests are for Huntington&#39s disease, Alzheimer&#39s disease […]

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Family Assurance announces restructuring

Brighton-based friendly society Family Assurance is restructuring into three divisions, which will together form the Family Assurance Group. The reorganisation will include the launch of a new company called Family Enterprise, dedicated to exploring opportunities arising from the greater freedom friendly societies will have when the Financial Services and Markets Act 2000 comes into force. […]

The with-profits war

The Consumers&#39 Association wide-ranging and trenchant report into the with-profits business, Profits at the Consumer&#39s Expense, has provoked a mixed response across the industry. From providers which do not offer with-profits policies, the report is welcomed. Skandia brand manager Peter Jordan says: “We welcome the report, which recognises the limitations in this kind of investment […]


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