Her role will be shared among other members of the executive team which includes chairman Geoffrey Pointon, managing director Jo French and finance and compliance director Steven Clews.
The Personal Accounts Delivery Authority has appointed Helen Dean to its board as policy and product development director. Pada says she will play a key role in the delivery of personal accounts in time for the onset of employer duties in 2012.
Dean was seconded to Pada from the Department for Work and Pensions as its interim director of policy and product development. She will continue to be seconded to the delivery authority.
Equitable Life chief executive Charles Thomson is stepping down from the company in the autumn. Thomson’s decision follows the announcement made by the society last November that it will implement the best possible strategy for running off the business until its current policies mature. Thomson’s departure will give the society time to start negotiating a third-party agreement for the management of Equitable Life policies while allowing the board to appoint a new executive.
Scottish Life has launched an improved support structure for IFAs based in Northern Ireland to be run by Craig Morton, Becky Magill and Sandy Gilfillan. The trio, from Scottish Life’s account management team, will be looking after over 360 businesses in the region.
Life Trust has closed its insurance arm to new business as a result of difficult market conditions and has made 13 redundancies in the UK and eight in Ireland, leaving just four staff at the firm.