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Ex-AIC director-general Daniel Godfrey is new IMA chief

Former Association of Investment Companies director-general Daniel Godfrey is to join the Investment Management Association as chief executive, replacing Richard Saunders.

Godfrey will take over as chief executive from 1 December, with Saunders remaining at the IMA until the end of 2012.

IMA chairman Douglas Ferrans says: “Our objective was to find an individual capable of leading the IMA in the most challenging environment we have ever seen and we believe that Daniel has the integrity, experience and skills necessary to achieve that.

“The board would also like to put on record our appreciation of Dick’s achievements over the last decade at the helm of our association and to offer him our good wishes for his future.”

Godfrey was director general of the AIC for 11 years and also chaired the Personal Finance Education Group between 1999 and 2003.



Will the MMR force up rates for new borrowers?

Lenders could be forced to hike rates for new borrowers if MMR rules to protect mortgage prisoners stop them from increasing their standard variable rates. One MMR final rule, published last week, prevents lenders from taking advantage of trapped borrowers. The rule states: “If the existing lender takes advantage of a ‘trapped’ borrower or treat […]

The Ideas Lab and FinaMetrica launch suitability website

The Ideas Lab and risk profiling firm FinaMetrica have launched a new website aimed at helping advisers detail their reasons for selecting tools, products and services for clients. The Suitability Lab is designed to act as a portal with links to all required information on risk profiling and TCF principles associated with suitability. It will […]


Pru launches apprentice scheme

Prudential has launched an apprenticeship scheme with 50 places for young people in vocational training roles. Recruitment for the scheme will run between November and December and offers young people places in London, Reading and Stirling. Once selected, apprentices will take up their place on the 12 to 18-month course in early 2013. Pru says […]


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