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Mystery over ousting of LIA vice-president

LIA vice-president David Neith, who was due to become president next year, has left his post after a vote of no confidence from the board.

Long-time LIA member Michael Bousfield has taken up the post but the LIA has not announced the change which was made last November.

Neith, principal at Stratford-upon-Avon DN Financial Services, says he does not know what prompted the move.

The last time that an LIA vice-president stepped down was in 1991 when Terry O&#39Halloran resigned to concentrate on a dispute with the Consumers&#39 Association.

Chief executive Jeff Travers says it is only a voluntary, part-time position and these sorts of moves happen all the time.

But Neith says: “The fact is it was a kangaroo court. I had no civil rights, no right to face my accusers. I certainly did not resign, I can deny that.”

Misys IFA Services head of marketing and former LIA president Andrew Bedford says: “I am surprised to hear that David has stood down. I was more surprised I did not hear about it from the LIA.”


Caught in the data act?

Equitable Life and the IFA embroiled in a storm over the release of 450,000 policyholders&#39 details have defended their actions. But City lawyers and the former Data Protection Registrar, now called the Information Commission, believes the move breaks the Data Protection Act. Equitable chief executive Chris Headdon says the company believed it was only supplying […]

nuki&#39s eye

There is much excitement at the Association of British Insurers. The Chancellor, it is reported, has agreed to consider alternatives to boring old annuity contracts on the condition that the new plans continue to guarantee an income for life. This is excellent news for the ABI which has not had much to cheer about in […]

Annuity liabilities still to be resolved

The thorny problem of Equitable&#39s guaranteed annuity liabilities has still to be tackled despite the Halifax deal for the salesforce, admin and fund management. Halifax will pay a further £250m to Equitable if policyholders reach an agreement but it will not be involved in working out a compromise. Equitable will be battling it out alone […]

Political points

Not a day goes past without another twist in the Equitable Life debacle. Now, in the lead-up to the general election, the Tories are threatening to make it a political issue, provoking conflicting responses among IFAs. In a debate in the House of Commons on the Equitable Life affair, Shadow Chancellor Michael Portillo criticised the […]

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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