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Friends appoints ex-Co-op Bank boss as non executive director

Friends Provident has appointed Sir Mervyn Pedelty as a non-executive director with effect from 1 October 2006.

Pedelty, 57, was chief executive of The Co-operative Bank from 1997 until his retirement in December 2004 and in addition, he was chief executive of Co-operative Financial Services and the Co-operative Insurance Society from 2002 until December 2004.

He is currently a non-executive director of Hiscox plc, chair of the FTSE4GOOD Policy Committee, a director of Business in the Community, and was a member of the Department for Work and Pensions Employer Task Force on Pensions.

Pedelty says:

‘‘Friends Provident is a company that has developed a reputation for balancing strong market performance with a progressive and ethical culture. I am delighted to become an active participant in its further development’’.


Defaqto supports Which? research as it promotes IFAs

Defaqto says it is welcoming Which? research exposing advisers that are misleading researchers about the range of products they offer.The Which? investigation found that 48 per cent of tied advisers working mainly for banks and building societies suggested to customers they could offer more product choice than they do.Defaqtos own research shows the main reasons […]

JLT launches high net worth division

Jardine Lloyd Thompson is setting up a new division to offer independentadvice to senior managers of companies it already advises and other high networth investors.Jardine Lloyd Thompson Private Clients will see the company seek to boostits traditional pensions, insurance and healthcare offerings.JLT Benefit Solutions managing director Duncan Howorth says: “Finances are aconstant worry for employees, […]

Transfer standard is the platform priority

The newly launched Platform Committee says developing a standard for re-registra- tion between platforms is its top priority. The committee was set up last week by Cofunds, Funds Network, Skandia, Selestia and Standard Life and will have input from the Investment Management Association. At a Money Marketing wrap round table last week, Funds Network executive […]

The true cost of tailored protection

It was good to read the positive coverage of the launch of Riley, Royal London’s new investment bond (Money Marketing, August 31). Justin Modray’s review reflected some uncertainty in relation to the cost of protection, with the suggestion that Riley might be expensive. It may be useful to IFAs if I explain that, for each […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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