Andrew Marker has succeeded Tom McPhail as chair of the STAR Steering Group, a key cross-industry tech initiative, after the founding chair left the industry in June.

The STAR initiative, the cross-industry group aiming to improve the transfer of pension and investment assets between providers, is to seek a new chairman following the decision by its chairman Tom McPhail of Hargreaves Lansdown to leave the industry.

The Association of British Insurers has warned that implementing the FCA’s platform switching changes by July will be “challenging.”

Capita is the fiftieth organisation to support the STAR initiative, which aims to galvanise the industry in its goal of improving the outcomes for individuals wanting to transfer their assets, such as pensions and investments.