Axa's pension chief Folkard exits

Steve Folkard says he has opted for voluntary redundancy due to a doubling up of roles following Resolution's £2.75bn purchase of Axa's life assurance business in 2010. As well as being Axa's high profile head of pensions policy, Folkard has led the insurer's strategy on the RDR. He says he will move into a financial services consultancy role at the beginning of April, where he will continue to work on the integration of NEST and the RDR into the regulatory landscape.