View more on these topics

Aifa is without a director general as Cummings starts new role at TheCityUK

Former Association of Independent Financial Advisers director general Chris Cummings begins his new role as chief executive of financial services promotional body TheCityUK today, leaving Aifa without a director general for an unknown period.

Aifa has appointed a new director general, Stephen Gay, who is currently Aviva director of distribution development. Gay will also take over as director general of the Association of Mortgage Intermediaries and the Association of Finance Brokers.

Aifa and Aviva are still negotiating a start date for Gay.

In his new role Cummings will work closely with TheCityUK chairman Stuart Popham, the executive board and the advisory council of financial services leaders, chaired by Sir Win Bischoff. 

Cummings says: “I am enormously excited to be joining TheCityUK at a time of huge challenge and opportunity. After an exceptional period of crisis, there is a clear need to rebuild the industry’s reputation and explain the considerable  contribution that it makes to our economy and society at large.”

Recommended

Midshires services agent faces jail for £100k password scam

An employee at Birmingham Midshires has been found guilty of unauthorised activity resulting in the theft of £100,000 from customer accounts. Ivan Obita, a customer services agent at a Birmingham Midshires call centre, was found guilty in Wolverhampton Crown Court last week of dishonestly accessing a computer system and obtaining information. In 2007, Obita asked […]

4

Hoban blames Labour for possible reduced Equitable Life payout

Treasury financial secretary Mark Hoban has placed the blame for any reduced Equitable Life settlements on the Labour government. Taking questions in the House of Commons yesterday, Hoban stressed that the coalition would deliver a “swift resolution”, that is “transparent and fair”, but would not confirm that Equitable Life investors would be reimbursed in full […]

IFP will have tough task getting cap-ad rethink

Institute of Financial Planning chief executive Nick Cann bel-ieves the IFP faces a big task in getting the FSA to ease its new capital adequacy requirements for financial planning firms. Last November, the regulator announced that all IFAs will have to hold capital worth at least three months of their annual fixed expenditure, with the […]

Function malfunction

Am I the only broker appalled at the lack of useful functionality on the Fidelity FundsNetworks website? At first glance, its fund evaluator looks like a really valuable tool – until you want to retain its ouput as evidence of fund research, that is.You cannot export the results to Excel. You cannot print the page. […]

Pensions - thumbnail

Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment