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Ex-Burns Anderson chiefs join Berkeley

Devon-based IFA network Berkeley Wodehouse Asso ciates has pulled off a coup with the rec ruitment of two former top directors of rival network Burns Anderson.

They are former chief executive Philip Whitehead who retired from Burns Anderson in 1998. He will become chairman of Ber keley. Former associate commercial dir ector Mal colm Streatfield will become Berkeley chief executive.

Whitehead and Streat field worked together at Burns Anderson for five years. Whitehead spearheaded the network thr ough financial difficulties and the pension review without any fines or disciplinary action.

Whitehead reques ted the app ointment of Streat field at the network.

Streatfield approached Whitehead to end his ret irement and join Ber keley. The network has more than 220 members.

Streatfield believes IFAs still have a tremendous opportunity in the advice arena despite the current climate of uncertainty.

He says the IFA sector will continue to fragment but that careful regulation and compliance will determine success.

He says: “There is going to be fallout among IFAs in the next five to 10 years. The winners will be those who embed the compliance and regulatory requirements within their daily business practices while delivering a personal and professional service.

The future is bright for IFAs so long as they know how to take advantage of this growing and exciting market environment.”


Pan-European pension some way off

Management consultant Towers Perrin claims that although plans for a pan-European pension are progressing its creation is still some way off in the future. The news follows the European commission’s long awaited directive on EU pension fund regulation which calls for deeper harmonisation of pension funds in Europe. The view of Towers Perrin is that […]

Chase Fleming values style

Chase Fleming Asset Management is targeting investors looking for long term growth with the introduction of another offshore style fund.The FF-US strategic value fund will invest in undervalued US stocks. Stocks will not be selected simply because they are cheap. They might be temporarily out of favour because the economic climate of the time favours […]

Life offices wasting £22m with outdated admin, claims BACS

Insurance companies are missing out on up to £22m in annual savings by failing to adopt modern payment methods, according to automated clearing house BACS.The figure represents the costs involved in issuing cheques and includes the cost of stationery and administration rather than using the automated payment method direct credit.BACS says the insurance industry issues […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]


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