Clive Waller, co-chairman of the Income Protection Task Force (IPTF), has announced he is stepping down from his role at the end of this year.
Current co-chairman Peter Le Beau will become the sole chairman of the IPTF which was formed to raise awareness of income protection (IP).
Waller attributed his decision to the organisation needing close ties to the IP market.
Waller explained: "Since IPTF was formed my business has become increasingly investment- focused and I no longer have the close contact I used to have with the IP market.
"The IPTF requires a chairman who is in day-to-day contact with the income protection market. For this reason, I feel it is sensible to let Peter Le Beau assume the chairmanship although I remain deeply committed to the goals and objectives of the Task Force. I am very proud of the spotlight we have been able to throw on what is still a sadly unsold product."
Peter Le Beau said: "Clive has done a monumental job during his time on the Task Force and has been a very wise counsel to me over the last eight years.
"He has a great passion for the product and a deep sense of treating consumers properly, which has been of immense value to the Task Force since it was formed. I hope he will be able to stay as part of the Executive going forward."
