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Mint co-founder and CEO Paul Gains to leave

Mint Financial Services chief executive officer Paul Gains is to leave the firm next year.

Gains, who has been absent from the network since November 26, is currently on gardening leave and his employment will terminate in February 2011.

In an email sent to Mint employees and advisers from chairman George Higginson on Tuesday, seen by Money Marketing, Higginson says: “We took the decision to terminate his employment after various discussions between the Mint board of directors.

“We recognised that we, the members of the Mint board of directors, could not continue to work with Paul to promote the interests of Mint in the future. We therefore decided that it was in the best interests of the business for Paul’s employment to terminate upon the expiry of his current contract in February 2011, and that in the meantime he will remain on gardening leave.”

Higginson has now been appointed executive chairman, and operations director Steve Atwell will continue to manage Mint and be the main point of contact.


Citi structures Ucits III Oeic

iti says IFAs have been though a lot this year, with the demise of various structured product plan managers, concerns about counterparty risk in structured products, changes in regulation and having to prepare for the implementation of the Retail Distribution Review. The company says there are elements of funds and structured products that address the issues. It decided to combine the two within the UK autocall fund, so that it offers the potential for pre-defined returns within an open-ended, Ucits III regulation framework.

‘Annuity delay only suits a few’

Intelligent Pensions has warned advisers not to lose sight of the fact that most clients will need to purchase an annuity by 75 even if the Association of British Insurers’ call to raise the maximum age for buying an annuity to 80 is realised. Last week, the ABI called for the age for compulsory annuitisation […]


‘Bring in ISO to develop fund classifications’

Syndaxi Chartered Financial Planners managing director Rob Reid wants the Investment Management Association and the Association of British Insurers to work with International Organization fro Standardization to improve fund classifications.


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There are 4 comments at the moment, we would love to hear your opinion too.

  1. And who says that bullies don’t win!

    Only two obstacles now remain before Intrinsic complete their takeover.

  2. A sad day. Paul was a gentleman and cared about the network he created. Isn’t it a shame that the new powers that be dont even have the courtesy to acknowledge Pauls legacy and the hard graft and dedication he put in to making Mint one of the 100 fastest growing company’s when Intrinsic bought it!

  3. Paul was Mint.A great number of advisers are with Mint because of the faith, trust and belief in which Paul installed.The company will not be the same without him.

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