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IMA appoints Sears as director, wholesale

The Investment Management Association has appointed Guy Sears as its new director, wholesale following a restructure of its senior management team.

Sears move is one of a number following the departure of Sheila Nicoll to the FSA, he was previously the deputy chief executive of the Association of Private Client Investment Managers and Stockbrokers (APCIMS).

Other changes see Julie Paterson take on the role of director, authorised funds and tax, a move that will put her at the forefront of retail issues such as the RDR, while IMA chief executive Richard Saunders assumes Nicolls role as overseer of international affairs. The changes will take effect from October 8.

Saunders says: “I am very pleased to welcome Guy to the IMA to take charge of our important and extensive institutional agenda. His broad spread of abilities and experience make him an important addition to the team.”

Sears said: “I have spent a good part of the last 3 years seeing members of the IMA team at work at the FSA, in Europe and in corporate governance forums. It does not take long to realise that their agendas are membership-led, their arguments evidence-based and their approach highly professional.”


Police follow broker fraud cash trail to the Gold Coast

Police believe that a senior financial adviser jailed for six years in 2004 for defrauding clients out of more than 1.75m may have hidden some of the money away in Australia.Michael Hart, formerly managing director of Lucas Fettes, admitted a series of theft charges when he appeared before Norwich Crown Court but following his jailing, […]

Just Retirement business booms

Just Retirement’s new business sales rocketed by 127 per cent this year.The company’s preliminary results for the year ended June 30 shows new business sales leaping to £677m from £298m the previous year.Annuity business rose by 118 per cent to £552m from £253m and equity-release sales nearly tripled to £125m from £45m.Chief executive Mike Fuller […]

Darling and King backed over Rock

A Money Marketing poll found that 59 per cent of advisers do not believe that Chancellor Alistair Darling should resign over the Northern Rock debacle and 72 per cent do not believe Bank of England governor Mervyn King should quit.


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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