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Friends Life international MD to leave

Friends Life managing director international Rocco Sepe is leaving the firm later this year.

He will continue to head up Friends Life’s Friend Provident International, fpb AG and Lombard until his departure.

Friends Life chief executive Andy Briggs says: “Rocco has made a considerable contribution to the company during the 20 years he has worked here.

Sepe says: “I need a new challenge and now is the right time to hand over the reins. I would like to thank my team for the contribution they have made to help make the international business what it is today.”


Advice still needs a human touch

The Money Advice Service website has raised much debate over the last few weeks. Free or not, it is here to stay and we probably need to find a way to embrace the positives rather than dismiss it out of hand. My initial reaction is that there is broad spectrum of quite detailed and useful […]


Ford claims FSA wasn’t fair in obtaining Keydata emails

Keydata founder Stewart Ford has challenged the FSA’s use of what he claims is legally privileged information in its investigation into Keydata at a judicial review in the High Court last week. In May, Money Marketing revealed that Ford had secured a judicial review hearing against the FSA. At the two-day hearing at the Royal […]


Should the regulator introduce a long-stop for IFAs?

Earlier this month, the Treasury select committee’s report on the retail distribution review recom-mended the joint committee on the draft financial services bill examine whether or not to introduce a 15 year long-stop for IFAs. In 2007, the FSA looked at introducing an IFA long stop alongside its RDR proposals but said the industry could not produce enough evidence of its benefits. However, at a TSC meeting in March, FSA chief executive Hector Sants told MPs he has “some sympathy” for IFA long-stop arguments and would be happy to look at the issue again if MPs recommended this course of action. This issue has long divided the consumer and IFA lobbies. Below, Aifa director of policy Andrew Strange and Which? executive director Richard Lloyd debate the pros and cons of the long stop

MPC predicts 5% inflation peak soon

The Bank of England’s monetary policy committee has warned that rising food and utility prices could push inflation to more than 5 per cent in the coming months. The minutes from the July MPC meeting reveal inflation could peak at a higher level than the MPC first thought. Inflation was 4.2 per cent in June, […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


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