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Morrison takes up role of AMPS chairman

The Association of Member-Directed Pension Schemes has elected Winterthur pension strategy manager Mike Morrison as its chairman following its AGM.

AMPS represents the views of Ssas and Sipp providers and a number of other firms such as advisers, lawyers and stockbrokers who are involved in this part of the pensions industry.

The new committee also includes Rowanmoor Pensions’ David Downie as its treasurer, Axa’s Tony Moore, Killik & Co LLP’s Geoff Buck as membership secretary and Hornbuckle Mitchell’s Elaine Turtle.
Morrison says: “I am delighted and honoured to have been elected as chairman. The pension world continues to face new challenges and within that world, both Sipps and Ssas’s will face particular problems.

“It is our job to represent the needs of our members to the authorities and to ensure we are consulted in the change process. It will be a challenge to follow in the footsteps of John Bradley, the former chairman, but with the strong team that makes up the new committee we are well placed to make sure our influence is felt.

“In 2007, we held a very successful inaugural AMPS conference and worked effectively with the FSA on Sipp regulation.  Any industry body such as AMPS needs to have the active input of its members to be successful and this is something we will be seeking to build on in the future.”       


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CWC Research director Clive Waller believes commission for selling income protection must be increased and processing and underwriting times reduced if sales are to improve.Speaking at the Osney Media Protection Summit in London last week, Waller warned that advisers will not look at the product until they are paid a fair reward for the time […]

Pos Sol reports record sales month

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Families in dark over LTC funding

Only 12 per cent of people seek professional financial advice before putting a relative into long-term care, says protection provider Partnership.In a survey of 3,207 people aged 50 and over who had put a loved one into care, it found that 43 per cent do not seek any form of advice on how to fund […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


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