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OFT appoints two new directors

The Office of Fair Trading is appointing two new branch directors to its markets and policy initiatives division.

Daniel Gordon joins from the Treasury to head the branch responsible for OFT market investigations into whether markets and regulations that apply to them work well for consumers. Gordon was formerly an economic consultant at London Economics, Ernst & Young, and at the Competition Commission. He joined the Treasury in 1999 where he worked on the Cruickshank Review.

Graham Winton has been promoted within the OFT to be director of a new markets and policy initiatives branch handling initial investigations into markets, references to the Competition Commission and negotiations and review of undertakings given following Competition Commission market references.

Winton joined the OFT from GCHQ in 1985.


Homeowners fear floods but fail to protect their property

Homeowners are concerned about the threat of flooding but many are confused about what steps to take to avoid their property being damaged, says Norwich Union.NU questioned 2,200 adults around the UK last month, including 1,200 residents in what are classified as high-risk flood areas, and found that one in five people knows someone who […]

Cautious Pru plan is exclusive for Wifas and Sedgwick

Prudential is cementing its relationship with Woolwich Independent Advisory Service and Sedgwick Financial Services by offering them an exclusive structured product.Both Barclays-owned IFAs will be able to sell the Prudential capital secure growth plan which has been designed for cautious investors following an industry trend away from with-profits towards structured profits.Pru says the product was […]

Impartial booklet to aid advisers on income protection

IFA consultancy firm Impartial is offering a booklet aimed at helping IFAs highlight the need for adequate income protection to clients.The company says the guide, entitled, The Value of Income Protection Insurance, is the latest in a series of booklets aimed at showing advisers through potentially new business areas. Other guides include mortgages and critical-illness […]

Tory MP points to £500bn liabilities on public schemes

Unfunded liabilities for public-sector pensions have exploded to £500bn, claims Conservative Shadow Treasury Chief Secretary Howard Flight.At the Pensions in Crisis conference, Flight attacked Government pension policy and warned that private provision is going backwards.He criticised the Government&#39s target of reversing the 60 per cent state and 40 per cent private provision split of pensions. […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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