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Outside applicants vie for Aifa job

Aifa’s has received a host of applicants from outside the industry to replace outgoing director general Paul Smee who is leaving.

The majority of the applications to fill Smee’s role – which becomes vacant at the beginning of December – are understood to have come from outside the industry.

If a suitable candidate is not found or cannot start before Smee leaves, director of policy Fay Goddard is expected to act as an interim director general.

But Sofa chairman and Informed Choice managing director Nick Bamford believes that a senior person within a product provider, such as Scottish Widows market director corporate pensions Robert Wyllie, would have the right attributes for the job, as would Sofa board members Robert Reid and Brian Steeples.

Former IFA Brian Lentz has applied for the position. Lentz has been deputy chairman of the Aifa protection taskforce since 2002.

Bamford says: “I think that we need someone from inside the industry. Paul has done a cracking job but we need someone who does not need to go through a long period of understanding financial services.”


Straight-through savings

Protection providers are wasting around £180m by not using straight-through processing, according to a study by Marlborough Stirling.

Loan star

While researching the buy-to-let market, an MM hack was pointed in the direction of UK mortgage expert Owen Carey Jones.Searches could only unearth the director, writer and luvvy OMC Jones, famous auteur of the film Baby Blues.Further probing led to the amazing disc-overy that they are one and the same person.Jones is directing a new […]

Standard Life is biting the hand that feeds it

Much has been recently written about the incentives for pension distribution and that the 1 per cent world, let alone that the 1.5 per cent world, is not really enough to make it worthwhile both for providers and intermediaries.A recent direct experience may help to highlight this particular problem.A self-employed husband and self-employed wife of […]


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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