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Ex-FCA acting head joins UK Finance

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Former FCA acting chief executive Tracey McDermott is set to join the board of new financial services trade body UK Finance, the Times reports.

McDermott left the FCA last year after losing out on the top job to former Prudential Regulation Authority chief executive Andrew Bailey. In January she joined Standard Chartered.

UK Finance, which launches today, merges the Council of Mortgage Lenders, British Bankers Association, Payments UK, the UK Cards Association, Financial Fraud Action UK and the Asset Based Finance Association.

The UK Finance chief executive is Stephen Jones, former Santander UK chief financial officer.

The trade body merger was first suggested following an independent review in 2015 which resulted in a report called The Financial Services Trade Associations Review.

It suggested the move could deliver efficiency savings of £32.6m over 25 years.


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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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