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Jeannie Drake takes over as temporary Pada chairman

Jeannie Drake has been appointed as acting chair of the Personal Accounts Delivery Authority today.

Commenting on her new position, Drake says that the challenge facing the authority as it moves towards delivery is significant but millions of people stand to benefit from the successful introduction of personal accounts. “I look forward to continuing to work with the Board and everyone at the delivery authority, to help drive this important agenda forward,” she adds.

Pada chief executive Tim Jones says of the appointment: “She brings a wealth of understanding and continuity to the post”.


FTSE falls on recession fears

Energy stocks tumbled at start of trade today, dragging the benchmark FTSE 100 index by 4.23 per cent to 4,410 despite confirmation of a £50bn government bail out.

Into the fray

At least the US administration obtained its bailout fund. Whether this will be sufficient to calm investors’ collective nerves, only time will tell. Wall Street was suitably cautious in the trading immediately after the vote that delivered the required result took place.

Protection at a premium

With redundancy rates rising thanks to Lehman Brothers, Bradford & Bingley, Lloyds/HBOS et al, questions are being asked of those providers offering protection against unemployment. Are they offering enough advice on the product? How well positioned are insurance firms to deal with the imminent influx of redundancies? And will providers start cherrypicking a client base, swerving to avoid those working in the financial sector?

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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