Financial Services Industry
Industry: Email Alert RSS FeedRaising standards across the whole industry; Jason Corcoran talks to Phil Hodkinson, chairman of the Industry Standards Group and and chief executive of the insurance and investment division of HBOS, about criticisms of the scheme and plans for its enlargement.(Brief Article)
Financial Adviser, September, 2002
FINANCIAL Adviser: What are your priorities after taking over from Lawrence Churchill as chairman of the Industry Standards Group?
Phil Hodkinson: The biggest part is just building on the momentum of the scheme. It is very evident to me that standards within the industry are being raised and the scheme is playing a part in that. For the first quarter of this year we had market share of 39 per cent of the life and pensions market. The first priority is driving that number forward to critical mass, so by the middle of next year we will be well over the 50 per cent mark.
It is not just about the percentage of the market. It is also about the breadth of the companies included within the scheme, so broadening the list of accredited companies to a greater...
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