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Just Retirement appoints Patrick Gale as COO

Just Retirement has appointed former Sesame chief executive Patrick Gale to the role of chief operating officer.

Gale, who has also been appointed to the Just Retirement board, will be responsible for managing the firm’s day-to-day operations as well as running its marketing, distribution and information technology functions.

Gale was chief executive at Sesame until December 2007 when he assisted the sale and subsequent transition of the company from Misys to Friends Provident.

Gale was responsible for the high-level management of the business from 2000, Sesame’s relationships with UK banks and insurance companies and FSA liaison at board level. Prior to 2000, Gale was a director of Misys’ banking division. Gale has been HBOS Financial Services non-executive director since January.

Just Retirement CEO Mike Fuller says: “The board and I are delighted that we have been able to attract someone of Patrick’s outstanding experience and calibre to help drive the continued development of Just Retirement. Given the importance of distribution and technology to our future success, Patrick’s experience at Sesame is particularly relevant to our business. His involvement will allow the board to devote more time to the strategic development of the group’s business to take advantage of the substantial market and product opportunities which we have.”


Adviser facing fraud charges

An Isle of Wight IFA is facing eight charges of obtaining by deception and false accounting after a former business partner in an offshore prop-erty investment company reported him to the police.

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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