View more on these topics

Kempster leaves DBS Network

DBS Network chief executive and managing Tony Kempster is leaving the network in a shock departure to be replaced by Assureweb boss David Stewart.

The news of Kempster’s resignation has rocked the network with members showing their concern.

DBS has offered no explanation for Kempster’s resignation and Kempster was unable to comment on his reasons for leaving.

Prior to joining DBS two and half years ago, Kempster was head of the Prudential’s IFA division.

Joint group chief executive Stewart will head the network with immediate effect. Compliance director Alan Taylor becomes managing director.

Kempster’s resignation was announced alongside DBS’s interim results to the end of September showing a £0.5m loss compared with £3.4m profit last year. DBS says a £4.6m investment in its IFA portal Assureweb is responsible for the loss.

DBS chairman Ken Davy says "During his time with DBS, Tony has made a significant contribution to the network. I would like to thank him for his commitment over the past two and a half years."

DBS member Interface Financial Planning director Alan Moran says "Tony has done a lot of good for morale among members and has got a lot of respect. I hope we are not going to go back to being run by accountants instead of human beings"


Take a Bee line to stakeholder

Scottish Life&#39s latest edition of its monthly IFA newsletter Bee Lines aims to guide IFAs and employers through the stakeholder pension maze. The issue is devoted to helping IFAs explain the requirements which are being imposed on employers by stakeholder pensions. It aims to cover all the basic facts that IFAs should tell employers about […]

[Technology] Synaptic&#39s system

The product research tools from Synaptic Systems have been developed by professional IFAs. They are in use by 7,500 IFAs, including directly registered firms, national chains and networks. The products are endorsed by the Institute of Financial Planning and by four of the leading compliance firms. We believe Synaptic&#39s products differ from our competitors in […]

Henderson picks ScotEq stars to head tech fund

Henderson has poached one of the UK&#39s top-rated technology teams from Scottish Equi table Asset Management to replace its own star managers who quit to set up a boutique in September. Stuart O&#39Gorman and Paul Kleiser will replace Tim Woolley and Brian Ashford-Russell as managers of Henderson&#39s £163;1.3bn global technology unit trust at the start […]

Schofield leaving ScotProv as role goes

Scottish Provident head of sales Alistair Schofield is leaving the company after being usurped by Scottish Mutual rivals in the Abbey National takeover deal. Schofield has been left without a role in the post-acquisition reorganisation. He is widely credited with taking ScotProv to its current position as market leader in the sales of protection policies. […]


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