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Oftel regulator switches to ABI

Date: Wed, 03 Dec 03 Analysis

Chris Kenny, compliance director of the UK's telecoms regulator Oftel, has announced he is to leave his post to take up a position as head of life and pensions at the Association of British Insurers from January.

In his new role, Mr Kenny will be responsible for leading the association's work on the savings gap and the regulation of the life industry.

Director-general of the ABI, Mary Francis commented on the appointment: “Policy-makers are increasingly looking to the industry for new thinking and constructive ideas to help close the savings gap and ensure that pensions provision is modern and efficient.'

The savings and life insurance industry is currently under considerable pressure as ABI figures confirm that 36 per cent of the working population is not saving enough for retirement, risking poverty in their old age.

Mr Kenny, who led Oftel's policy work on broadband and the mobile industry, said he intended to work with the Government to make the new regulatory regime work for customers and industry alike.

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