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Newham to head new IFA network

Sun Life Financial of Canada has picked former IFA network and founder Trevor Newham as managing director of its new IFA network.

Newham left IFA Network after it and parent ie group were bought by Misys in March.

The unnamed network is designed to let SLFOC&#39s own salesforce become IFAs without leaving the company and to strengthen its position in the UK market.

It will launch early next year with 100 members – half from the existing sales team and half from other sources, including rival salesforces and employees of IFAs who want to set up on their own. It aims to attract more than 300 recruits within four years.

Newham, 40, set up IFA Network in 1992 and saw it expand to 500 member firms. Before that, he was development manager at Financial Options. He started his career at Commercial Union where he became branch manager.

In his new role he will report to SLFOC sales director Phil Lockyer.

Newham says: “Not only will the new network provide its financial consultants with more options as they develop their careers without ever having to leave the group of companies but it also underliesthe company&#39s commitment to face-to-face advice.”

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