View more on these topics

New intermediary role for Kenmir in reshuffle at FSA

David Kenmir is to take on a new role as head of intermediaries in an FSA reshuffle.

A document seen by Money Marketing outlining the changes reveals that the reorganisation will see Kenmir move from his position as director for investment firms to sector leader for retail intermediaries. He will also take on responsibility for the FSA Gateway project involving management of the regulator&#39s communication and contact centres.

Kenmir has significantly raised his public profile within the IFA community over the last 12 months, winning respect for his efforts to resolve the professional indemnity insurance crisis.

The changes are part of the FSA decision to restructure its management into three units – regulatory services, retail markets and wholesale and institutional markets. Managing directors for each section are yet to be appointed.

Kenmir will be one of eight sector leaders who include Anna Bradley in charge of consumers and David Strachan as sector leader for insurance.

The shake-up will see Dan Waters as sector leader of asset management and also given cross-divisional responsibility for retail policy.

FSA spokeswoman Louise Buckley says: “At the moment, the exact parameters of the structure are yet to be decided.”

Michael Philips proprietor Michael Both says: “He is a definite maybe and I am cautiously optimistic about this. He is a career FSA person and clearly an insider who does seem to understand the issues facing advisers.”


Platinum Capital Management – Platinum Dynasty Fund

Type: Hedge fund Aim: Growth by investing long and short in large-cap Chinese equities and China-related companies Minimum investment: $100,000, euros 100,000, $25,000 or euros 25,000 through Platinum wealth management bond Investment split: 100% large cap Chinese equities and China-related companies Place of registration: Isle of Man Charges: Initial 1.5%, performance fee 15% Commission: Subject […]

Correspondent&#39s week

Mondays have got a bad name – mainly because of people like Bob Geldof who go on about how much they hate them. But for me, they are by far my happiest day of the working week. Today, like most other Mondays,I arrive in the office late, drink coffee, check emails and enjoy the peace. […]

Rock says Emfa too political

Northern Rock is trying to distance itself from the European Mortgage Finance Agency project, saying the issue has become politicised. The bank was named as a supporter of Emfa when the initiative was launched last month along with Credit Agricole, BBVA, Irish Life & Permanent and Banco Comercial Portugues. But Emfa general manager Rob Thomas […]

Chelsea launches children&#39s saving account

The Chelsea Building Society is launching a new children&#39s account available at 4 per cent gross pa. It will offer instant access with a minimum opening balance of £1 with a maximum of £5000.

Guide cover

Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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