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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’’.

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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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