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People on the move


Sesame Bankhall Group chief executive George Higginson and finance director Paul Hooper are leaving the company. Higginson became chief executive in November 2011 and his departure will mean wider roles for chairman John Cowan and managing director Stephen Gazard. Former RBS and Aviva senior executive Jim Kelly will replace Hooper as finance director.

The Financial Conduct Authority has recruited Robert Taylor, a former chief executive of Kleinwort Benson, as head of wealth management and private banking in its supervision division. Former Treasury minister Ian Pearson replaces Taylor as chairman of equity crowdfunding platform CrowdBnk. Since retiring from politics in 2010 Pearson has worked in strategy and business development.


Maggie Craig, who left her role as Association of British Insurers director of conduct regulation in October last year, joins the Financial Conduct Authority on January 27. Craig will advise FCA staff on a range of life, pensions and general insurance policy issues.

Partha Dasgupta will leave his role as chairman of The Pensions Advisory Service at the end of September. Dasgupta was appointed as chairman in January 2010 for a three-year term and reappointed in January 2013 for another three years. He will step down early to pursue new ventures.


Edward Bonham Carter will step down as group chief executive of Jupiter Fund Management on 17 March. The firm’s distribution and strategy director Maarten Slendebroek will replace him. Bonham Carter joined Jupiter as a portfolio manager in 1994. He became joint chief executive in 2000 and was appointed group chief executive in 2007. He will remain on the board and stay with Jupiter in an executive role as vice-chairman. Slendebroek joined Jupiter in September 2012 and was previously head of the international retail business at BlackRock.

Invesco Perpetual’s former head of sales Craig Newman has joined Oakley Capital Management ahead of star fund manager Neil Woodford. Newman, who left Invesco Perpetual in 2012, is head of retail at Oakley. Woodford will join Oakley when he leaves Invesco Perpetual in May.

Aviva’s former head of distribution and business development Patrick Granger has moved to Standard Life. Granger takes on the role of senior business development manager in Standard Life’s Workplace business.

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The FCA has also recruited former Perspective group operations director Peter Craddock to the Regulatory Decisions Committee. Craddock left the Perspective board earlier this month but is working with the company as an independent consultant.



Webb declares no ‘screeching’ charge cap U-turn but admits timing challenge

Pensions minister Steve Webb says there will be no “screeching U-turns” over the Government’s pension charge cap plans but admits its original timetable may have been unrealistic. Speaking at a Headlinemoney dinner last night in London, Webb told journalists the Government was clear a market intervention was needed to ensure auto enrolment reforms delivered value […]


Just Retirement eyes online D2C sales push

Just Retirement is planning to sell enhanced annuities directly to consumers via alternative sales channels such as price comparison websites, platforms and banks and building societies. The Financial Times reports shares in Just Retirement, in which private equity firm Permira has a 62 per cent stake, last week rose past their 225p flotation price for […]

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Zurich appoints head of platform strategy

Zurich has appointed Alistair Wilson as its new head of retail platform strategy. Wilson has moved to the newly created position from his role as head of platform business development. He will report to head of retail David White. The Zurich Intermediary Platform has been operating since the end of 2012. Zurich head of retail […]

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Tenet defends onerous compliance checks

Tenet has defended its rigorous file-checking regime after members raised concerns about the way compliance checks are carried out. In October, Money Marketing reported advisers’ frustration at onerous file-checking and compliance procedures enforced by the network. Since then, advisers say the situation has improved.  Speaking at Tenet’s annual conference in London last week, chief executive Martin […]

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


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