View more on these topics

Gummer is stepping down as MP to focus on climate change

Association of Independent Financial Advisers chairman John Gummer is expected to step down as Tory MP for Suffolk Coast at the next general election to focus on the campaign against climate change.

According to press reports, the Conservative ex-Cabinet minister made his decision following the “disappointing” outcome of the climate change summit in Copenhagen.

Gummer has been MP for Suffolk Coast since 1979. He was a Cabinet minister under Margaret Thatcher and John Major’s Governments, serving as minister of agriculture, fisheries and food and then as Secretary of State for the Environment.

He was the UK Environmental Secretary from 1993 to 1997, where he played a key role in the Convention on Climate Change meetings in Berlin and Geneva.

Aifa says there is no requirement for the Aifa chairman to be a member of parliament.

Gummer’s term as chairman runs until November and Aifa says there is every chance that he will run until that date and may continue on if he is re-elected to chair the trade body.

Gummer was unavailable for comment.


Meteor acquires  NDF and DRL investment books

Meteor is to acquire the structured product investment books of NDF Administration and Defined Returns Limited from administrator Grant Thornton for an undisclosed sum, subject to final due diligence.  

The Natixis Solution: H2O MultiReturns Fund

A product designed to bring some unique attributes to the crowded absolute return global macro space With diversification and risk management top of investors’ wish lists when it comes to alternatives, step forward the H2O MultiReturns Fund. H2O Asset Management is an independent boutique backed by Natixis Global Asset Management and has a 14-year track […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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