View more on these topics

IFP appoints Bruce Wilson, Brian Sweeney and Jeremy Deedes to board

The Institute of Financial Planning has announced that Bruce Wilson, Brian Sweeney and Jeremy Deedes will join its board at the annual strategy meeting in November.

Planning for Life founder and director Jeremy Deedes was re-elected, while Helm Godfrey managing director Bruce Wilson and Axa-Winterthur Professional Edge business consultant Brian Sweeney are new to the board.

Speaking at the IFP annual conference at Celtic Manor in Wales today, chief executive Nick Cann said: “There were seven nominations for three places on the board and the members voted in Bruce, Brian and Jeremy. We welcome them to the board.”

Cann added that IFP members present at the AGM were “unanimously supportive” of the IFP’s decision to take a £75,000 loan last year.

It emerged last week that the IFP was forced to take the loan from directors Marlene Shalton and Jane Wheeler ahead of the IFP’s 2008 conference to cover a funding shortfall.

Shalton, a financial planner at Bluefin Wealth Management, lent the IFP £50,000 and Wheeler, principal of Direction Financial Planning, lent £25,000 at an interest rate of 6.5 per cent above base rate.

IFP president Barry Horner says the loan became necessary following growth in 2007 which saw a senior management team appointed, while sponsorship dropped away in September and October ahead of the 2008 conference.

Horner says the IFP is now in a stable financial position with £182,000 in the bank, following a loss of £138,000 in 2008.

Currently the IFP has 2165 individual members and 985 certified financial planners.

Cann says the IFP will launch a register of financial planners in 2010 that aims to guide consumers to “genuine” financial planning firms, provide consumers with guidance on what to look for and help firms deliver quality financial planning.

He adds: “We will be talking to people about what this should look like and how they would like it to work.”


Lloyds considers £15bn cash call

Lloyds Banking Group is considering a £15bn capital raising in an effort to withdraw from the Government-sponsored asset protection scheme, according to the Financial Times.


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