News in brief - 16 August 2023

Just Mortgages has appointed Nigel Smith to the role of area director for the Midlands, in a move set to strengthen the firm’s self-employed management team. Smith will support self-employed brokers in the region with their day-to-day operations and their future planning, as well as help employed brokers make the move to self-employed. He has more than 17 years’ experience in the industry, having started at Countrywide as a broker in 2006. He was then promoted to sales manager for Somerset and Bristol in 2011 after being the top-performing broker in the region for three years in a row, before moving to financial services director for the west and Wales division in 2018.

Loughborough Building Society has been awarded the FairLife Mark for its mortgage and savings products. The FairLife Mark, which is awarded by the FairLife charity, is part of a new fair-trading initiative in the finance industry, which recognises companies that price honestly and trade fairly with customers. This allows for customers to choose the product that they need with confidence. Revenue raised by the charity is used to fund financial education in schools, giving children the knowledge they need to make good financial decisions throughout their lives.

Global management consulting firm, Oliver Wyman, has established its first actuarial practice in the UK. The firm, which is a business of Marsh McLennan, provides actuarial services to insurers, investors, healthcare providers, corporates and other clients. Oliver Wyman Actuarial collaborates with the management consulting team within Oliver Wyman, in particular, the insurance and asset management practice which provides management consulting services to the same client base. In line with the announcement, Oliver Wyman has announced the appointment of Colin Forrest as partner and UK actuarial leader. A fellow of the institute of actuaries, Forrest was most recently chief executive officer of Aon’s strategy and technology group and has also held positions at Willis Towers Watson and Deloitte.

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