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DBS members rocked as Kempster leaves

DBS Network chief executive and managing director Tony Kempster is leaving the network in a shock departure to be replaced by Assureweb boss David Stewart.

The news of Kempster&#39s resignation has rocked the network, with members showing their concern.

DBS has offered no explanation for Kempster&#39s resignation and Kempster was unable to comment on his reasons for leaving.

Prior to joining DBS two and half years ago, Kempster was head of the Prudential&#39s IFA division.

Joint group chief executive Stewart will head the network with immediate effect. Compliance director Alan Taylor becomes managing director.

Kempster&#39s resignation was announced alongside DBS&#39s interim results to the end of September showing a £0.5m loss compared with a £3.4m profit last year. DBS says a £4.6m investment in its IFA portal Assureweb is responsible for the loss.

DBS chairman Ken Davy says: “During his time with DBS, Tony has made a significant contribution to the network. I would like to thank him for his commitment over the past two and half years.”

DBS member Interface Financial Planning director Alan Moran says: “Tony has done a lot of good for morale among members and has got a lot of respect. I hope we are not going to go back to being run by accountants instead of human beings.” 


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Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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