View more on these topics

Johnston to grow Punter

IFA dealmaker Paul Johnston has been appointed managing director of Punter Southall Financial Management with the role of expanding the business.

The former managing director of Chase de Vere’s private client business says his job will be to continue growth at PSFM which now has annual revenues totalling 6m.

Johnston says the firm will still develop services to private and corporate clients in areas such as group personal pensions and his appointment does not represent a change of direction for the firm.

One area for growth will be access to Hichens Investment Management’s funds, where PSFM will be looking to offer these clients its services, says Johnston.

Johnston was previously managing director of Momentum Financial Services and was responsible for leading it to a sale to Aegon in 2002.

He was managing director of Aon Consulting Financial Services & Healthcare, merging three financial companies before leading a management buyout to form Momentum in 2000.

Johnston says: “My job will be to ensure the business continues to grow over the next three years. The big question will be the pace at which we want to grow. I have to strike a balance between growth and quality of service.”


It’s about time we gave the CAB project a break

I am usually calm and collected enough to read criticism, smile and get on with life but when the criticism is unfounded and based on a quarter of a story it pushes me far enough to feel the need to reply – I am referring to Alan Swaysland’s letter in Money Marketing, May 5.

Zurich hedges its distribution bets

With many advisers and providers hesitating before making any call on depolarisation, Zurich has positioned itself across all distribution channels to hedge its bets.

ScotEq Intl warns of tax-free dangers

IFAs must warn their clients of the threat of inheritance tax on supposed tax-free savings vehicles, cautions Scottish Equitable International.

Larter to join Penrose Financial

Chelsea Financial Services’ Ben Larter is leaving the firm to join Penrose Financial. Larter will join the PR company next month.


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