John Ellis, head of public affairs at the Personal Finance Society, is leaving the organisation after a transitional period and will be replaced by Barclays' David Thomson.
Updated at 12:13pm:
Ellis earlier told IFAonline he intended to leave the PFS in May, but in the last 15 minutes he has announced his contract has been extended "for some time" to help Thomson take over his role. His official departure date is still under discussion.
Ellis joined the Life Insurance Association (LIA), which merged with the Society of Financial Advisers (SOFA) to become the PFS, in April 1988.
He says retirement is on the agenda when he leaves, but he is also considering whether to carry on working, possibly in the area of consultancy.
Thomson is currently the head of strategy and planning, public policy and acting EU public policy director for Barclays Bank.
He will be responsible for creating a new policy and public affairs function for the Chartered Insurance Institute (CII) group, which will incorporate public affairs, a new research and policy unit and the existing faculties.
Dr Alexander Scott, director general of the CII, says: “With the FSA’s move towards more principle-based regulation, it is essential that the CII group helps its members interpret the implications and provides guidance and practice standards for the profession.”
He says the CII is investing heavily in the areas of research, policy formation, industry guidance and standard setting.
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