View more on these topics

FSA appoints former minister and anti poverty campaigner as director of financial capability

The FSA has appointed Chris Pond, currently Chief Executive of the National Council of One Parent Families as director of financial capability, a new position within the FSA.

Pond takes up the post in December. He was a minister at the Department for Work and Pensions between 2003 and 2005 and is former Labour MP for Gravesham.

Prior to this he was chairman of the Low Pay Unit. In recent years he has served on the FSA’s working group on families and the Steering group on financial capability. He is also part of the Thoresen review.

FSA chief executive Hector Sants says: “I am delighted to welcome Chris to the FSA. He is already involved in our work on financial capability through his membership of the FSA’s Financial Capability Steering Group and his experience in public policy will make him a great asset to the FSA.”

Chris Pond says: “This is an exciting time to be joining the FSA. The National Strategy for Financial Capability is growing in momentum and profile. There are many challenges ahead, the FSA has demonstrated its commitment to the strategy by the £17.1m spend this year, and the pledge to keep financial capability high on the agenda with a budget of up to £20m in each of the years up to 2010/ 2011.”


Axa poised for platform

Axa is launching a wrap platform in the first quarter of 2008.The company denies that its entrance into the platform market comes too late, saying the market is still small and the opportunities in the coming years will be massive. Axa expects wrap to be a 250bn market by 2009.Managing director of distribution services Paul […]

Broker Talkback

Do you agree with the Government that generic advice should be partfunded by the industry?Yes 12% No 88%No “I think that is something that should be funded by the FSA or the Treasury. We should not be expected to subsidise this because it dumbs down professional advice.”Leigh Johnson, Zimb Johnson Bespoke Financial PlanningNo “If the […]

CII urges FSA to boost professionalism in its RDR response

The CII is calling for a single set of standards, a new complaint system and harsher sanctions to build professionalism in the industry in its first response to the FSA’s Retail Distribution Review discussion paper.The paper, titled ‘A Professional Body for Retail Financial Services?’, outlines what professionalism would look like in a post-RDR environment.The CII […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm