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Heath set to quit

Garry Heath, the IFA sector&#39s most tireless campaigner, is to quit as boss of the IFA Association.

Heath, 45, told Money Marketing he will leave the IFAA when the debate over representation for the industry is settled.

Prominent industry figures, many of whom have fought ugly public battles with Heath, have lined up to acknowledge his contribution to the success of the sector in the last 10 years.

Heath last week told the IFAA&#39s board he will not seek a role in the new Association of Independent Financial Advisers.

But he says he will only quit the IFAA when its relationship with the new body is finally sorted out. The new body aims to be up and running by July 1.

Heath is planning to present a lecture in October looking back at the last 10 years in financial services and looking ahead to the next 10 years.

The lecture will coincide with Heath&#39s 10th anniversary as head of the association which grew out of the National Federation of Independent Financial Advisers.

Heath has said he would not stand in the way of any new association.

Heath says: &#34It could be any time within the next year or so, or even a lot sooner. I am not going to seek to head the new association.

&#34I have had 10 years but I never intended to go on forever. I&#39m not going to leave anyone in the lurch, though, and I won&#39t leave until everything is sorted out.&#34

High level talks have taken place over a divorce between IFA Portfolio and the IFAA, which would allow the IFAA into the new trade body.

In recent weeks Heath has shifted the IFAA to promote fee-based remuneration and the association and he has been active in the IFAA&#39s alliance with the Institute of Financial Planning.


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