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Myra Kinghorn is first Pension Protection Fund chief executive

Myra Kinghorn, currently a non-executive director of the Serious Fraud Office and a member of the OPRA Board, has been appointed chief executive of the Pension Protection Fund.

Secretary of State for Work and Pensions Andrew Smith says: “The breadth of experience and expertise in the financial and pensions world that Myra brings to the PPF will be key to its success in improving security for pension scheme members.”

Kinghorn says: “I am delighted to accept this unique and challenging post. To be the first chief executive of the PPF will be a demanding role and there is a lot to deliver. I am very enthusiastic about the opportunity to set up and lead this new, high profile and important organisation, which I believe will significantly improve both protection for pension scheme members and confidence in pensions in general.”


Review could mean costs being passed on to IFAs

A review of the way that IFA networks pay VAT could see network services separated for VAT and extra charges passed on to advisers. Tax experts believe some areas of marketing and promotional services, commission services and IT and compliance services could be viewed as ancillary and separate to the client adviser relationship and therefore […]

FSA need to take more responsibility for the treatment of consumers

The FSA should take more responsibility for the way consumers are treated according to the Financial Services Consumer Panel&#39s annual report. The Consumer Panel argues that if consumer confidence in the industry is to improve, more simple information should be available in order for them to compare products and services, resist pressurised selling and misleading […]

FOS will cover Sandler suite consumer complaints

Advice given on the Sandler suite of products will have to be suitable to the consumer to whom they are sold. Sandler consumers will be able to take unresolved complaints to the Ombudsman. The FOS will look at the specific rules on suitability for simplified selling rather than those that apply in the case of […]

Standard Life Investments boosts board

Standard Life Investments has strengthened its board with the appointment of three executive directors. David Cumming, Jonny Maxwell and Rod Paris have been appointed to the board. The move follows the appointment of Keith Skeoch as chief executive of Standard Life Investments on June 3. Head of UK equities David Cumming joined Standard in 1998 […]


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