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In brief Pickering to join BESTrustees

Alan Pickering is to leave Watson Wyatt in January 2009 to succeed Charles Woodward as Chairman of BESTrustees.

In addition to his new role as chairman, Pickering intends to take on a number of trusteeships on behalf of BESTrustees. Pickering joined Watson Wyatt in 1992 after 20 years with the Electrical, Electronic, Telecommunications and Plumbing Union. He was chairman of the NAPF between 1999 and 2001 and in 2002 published the report A Simpler Way to Better Pensions for the Department for Work and Pensions.

Pickering says: “Back in 1992, giving me a job was a bold move on the firm’s part since I was by no means a chip off their old block. Everyone has been kindness itself, particularly my long-standing confidant, Jenny Davie.”


FSA bans directors over £3m deficit

The FSA has banned three directors of BPS Insure for failing to notify it of a £3m deficit in its client account. London-based BPS also used client money to pay its general expenses, further increasing the deficit.


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