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Mint compliance chief made redundant after merger

Mint compliance director Steve Chadwick has been made redundant following the network’s merger into Intrinsic Financial Services.

At the time of the takeover in February, Intrinsic insisted that all members of Mint’s management team would retain their roles but last week Chadwick was given three months’ notice.

Intrinsic compliance director Shaun Proudlove will be responsible for compliance across the group.

Mint non-executive director Trevor Newham has also left. He says: “Two new people joined the board and my time as non-exec has come to an end. That is often what happens when you get taken over.”

Intrinsic chief executive Kevin Ronaldson says: “We conducted a 90-day strategic review, which will conclude at the end of May. It was a case of why do we need two compliance direc-tors? We also already had a strong non-exec board at Intrinsic so it seemed unnecessary to keep Trevor on.”



Structural defects

I did not think I would ever write this but I am really pleased that the Government decided to design and build a private sector funded pension plan. I know you all think that is a bit of a U-turn for me, what with all I have said about this proposal to build a national scheme of personal accounts, but I mean it.


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