View more on these topics

Mike Allison made redundant from Personal Touch

Personal Touch Financial Services managing director Mike Allison has been made redundant after seven years at the network.

In an email to advisers, chief executive John Ruddick reveals that Allison was made redundant in January along with a number of other staff due to deteroriating market conditions.

Ruddick says in the email that the redundancies at PTFS “have been necessary to safeguard its future but nonetheless they have been both difficult and unpleasant”.

Due to the seniority of his role, Allison has been working out his notice period with the network with responsibility for developing the regional support centres.

The firm says these duties are currently in the process of being re-assigned and internal responsibilities will be clarified shortly.

In the email Ruddick says: “It is with deep regret that I have to announce that PTFS have agreed terms with Mike Allison to put into effect his departure from PTFS after seven years of service.”


Recommended

Moody’s downgrades Gartmore

Moody’s Investor Service has downgraded Gartmore after citing a significant deterioration of the firm’s balance sheet and profitability in 2008.

‘Mean spirit’ delays pension rise

Pension consultant Ros Altmann has labelled Chancellor Alistair Darling “mean-spirited” for waiting until November to implement a £4,000 boost to the capital disregard on pension credit.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com