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New exec team to lead Income Protection Task Force

The Income Protection Task Force has formed a five-person executive team to drive forward its agenda, including Roy McLoughlin from IFA firm Master Adviser.

Joining co-chairmen Clive Waller and Peter Le Beau will be claims consultant Karin Lloyd, Alan Tyler of Alan Tyler Consultancy – both formerly at Swiss Re and McLoughlin of the London-based IFA.

The task force is due to produce a second white paper later this year and is keen to continue to further develop the momentum around IP.

The Income Protection Task Force is comprised of almost all leading income protection providers as well as leading IP reinsurers and specialist consultants.

Waller says: “All three bring very real skills to our management team. Alan has extensive experience of working with Government to design social welfare schemes, Karin is one of the leading international experts on claims issues and Roy brings the perspective of the distributor to the group and has substantial knowledge of the group and individual sectors.”

Le Beau says: “We are delighted with the progress we have made but we are on a journey and it is a long way from being completed. We believe the composition of the task force enables us to unite the industry around collective action, taking into account the views of providers, distributors and above all,consumers.We are determined to increase consumer awareness very significantly over the next few months.”


King hints at rate cuts to ease liquidity crisis

Bank of England governor Mervyn King has pledged to offer more liquidity help to banks as part of a long-term solution to the credit crisis.Appearing before the Treasury select committee last week, King denied that the bank is proposing to buy asset-backed securities such as sub-prime mortgage-backed instruments.He hinted that further base rate cuts are […]

Life bonds v mutual funds

The changes to capital gains tax have created uncertainty over the relative merits of different investment products. This has reignited the long-running debate as to whether a client should invest via a life bond or a mutual fund.

MPs lack business experience

Nearly three-quarters of politicians have no experience in business management or financial services, according to Parliamentary research.A study by research consultancy ComRes found that 72 per cent of MPs have never worked in business or financial services while only 21 per cent have more than five years experience and 13 per cent have 10 years […]

Broker Talkback

Do you think the report into the FSA’s failure to properly supervise Northern Rock will lead to improvements in how it regulates the industry?Yes 50%No 50% No “Unfortunately, they just do what they like. I think the FSA failed miserably. I do not think the report will make any difference to the way they do […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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