View more on these topics

Chris Dineen leaves Openwork

Openwork annuity consultant Chris Dineen has left his role at the network’s IFA arm, Openwork Market Solutions.

Openwork refused to confirm the reason Dineen’s departure. However, Dineen recently accused enhanced annuity specialist Partnership of “cynically buying distribution” and “dumbing down” the advice process ahead of the RDR in a LinkedIn discussion forum.

OMS is running a pilot with Partnership which could see clients with small pension pots directed towards Partnership.

Openwork proposition and marketing director Philip Martin says: “We can confirm Chris Dineen’s employment contract ended on March 9 although we cannot discuss individual circumstances.

“Openwork Market Solutions is running a pilot with Partnership to establish if clients with smaller pension pots might be better off with an enhanced annuity. This is part of a process to establish whether better outcomes can be delivered to clients where it is not economically viable to offer face-to-face advice.”

Partnership declined to comment.

Dineen, who joined OMS in April 1998, also worked as a project manager and paraplanning team manager. He declined to comment on his departure.

Recommended

Budget 12: £2m houses face 7 per cent stamp duty

Homes worth more than £2m will face a new stamp duty rate of 7 per cent after a compromise between the Coalition parties to deliver a quicker rise of the personal allowance to £10,000. Currently stamp duty kicks in at £125,000 and is charged at 1 per cent, rising to 5 per cent on properties […]

Rating agencies slammed over transparency

The European Securities and Markets Authority’s examination of the credit rating agencies has highlighted several transparency issues. ESMA has not determined whether any of the latest observations constitute a breach of regulations but has registered concerns about how Moody’s, Fitch and Standard and Poor’s arrive at their rating decisions. Rating committees as well as other […]

Budget 12: Inflation will fall to 1.9%, Osborne says

Chancellor George Osborne expects both inflation and unemployment to fall over the course of this year. In his Budget speech today, Osborne said inflation is expected to fall from its current 3.7 per cent to 1.9 per cent by the end of 2012. The official consumer prices index target will be maintained at 2 per […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. I worked with Chris for 2 years at OMS a few years ago – you couldnt get a more honest and straightforward chap – clearly if he’s felt it necessary to blow the whistle like this then theres some dodgy backroom dealing at play there. I say good luck to him, and openwork is the poorer as a result of it.(financially as well as morally as he was always OMS’s biggest business writer!)

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com