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First president would be in office for two years

The board of the proposed Personal Finance Society would be comprised of eight member directors and six non-member directors.

It would initially appoint for up to a two-year term a member-facing president who would also be appointed to the CII council. Subsequently, the president would serve for one year. The board would also elect two vice-presidents, with one becoming president when the incumbent&#39s term ends.

Chairman of the board would be Bob Bullivant, currently Sofa managing director, while LIA director general Mark Ommanney would be chief executive. LIA head of public affairs John Ellis would be public affairs director, LIA finance director Andrew Clarke would be finance director while CII director general Sandy Scott and CII finance director Peter Martin would be non-member directors.

Member directors, who must have passed at least three AFPC subjects or hold equivalent qualifications, would be elected on an ongoing basis would be the LIA&#39s Caroline Banks, the LIA&#39s David Batchelor, Sofa&#39s Gill Cardy, Sofa&#39s Carole Nicholls, Sofa&#39s Robert Reid, the LIA&#39s Karl Snowden, Sofa&#39s Brian Steeples, and former Sofa chair Peter Williams but who would sit as an LIA member.


Triple alliance boosts buyout value for IFAs

Wealth management consultancy N-Able has launched a buyout package for IFAs in partnership with wrap provider Ample and Dutch manager of manager firm Insinger de Beaufort. The service, revealed at the Sway investment conference in Monaco last week, is part of a new investment outsourcing proposition from the three partner companies which is presently running […]

Desktop delivery

The advent of mortgage and general insurance regulation is forcing dramatic change on those sectors. From October 31 this year and January 14 next year, mortgage and general insurance practitioners respectively will have to document how they have followed specific processes as they advise clients. Two weeks ago, I had the opportunity to look at […]

Pink Home Loans – BM Solutions Flexible Self-cert Tracker

Type: Flexible self-cert tracker Tracker rate: 1.5% above Bank of England base rate Tracker term;Life of loan Minimum loan: £25,001 Payable rate: 6.25% Maximum loan: Up to 85% of valuation subject to a maximum of £350,000, up to 80% of loan subject to maximum of £500,000, up to 75% of valuation subject to a maximum […]

Red letter data for the industry

The use of data systems to provide market intelligence, such as the Touchstone databases offered by Workload Financial Solutions, will become increasingly important in the mortgage market after M-Day. Information on what competitors are doing and who is transacting the most business in which areas will be crucial to businesses that want to come out […]


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