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People on the move: Distribution

Graham Cross has joined Helm Godfrey as head of operations. Cross will be responsible for overseeing companywide systems and processes as well as staff training and development. He was manager of an IFA firm and was involved in developing computer-based training software.

Towry Law has appointed Paul Wright to the role of finance director. Wright has been Towry Law’s interim finance director since January. He was finance director for hedge fund company Man Investments and private bank Coutts. He has also held senior finance roles with Standard Chartered Bank and Hambros.

Bluefin Advisory Services has recruited Suvan de Soysa as managing director of private clients, effective from July 1. In this newly-created role, de Soysa will have overall responsibility for Bluefin Advisory Services’ private client business, which encompasses Bluefin Wealth Management and Bluefin Financial Advice. He joins from Australian advice businesses ipac securities, which he co-founded in 1983.

Money Portal non-executive director Peter Simon has resigned from the firm. Simon, who joined the board in November 2007, is the fourth senior management figure to leave Money Portal this year. Chief executive Mark Lund says there are no immediate plans to appoint a replacement.

Lutine Assurance Services has made IFA sales manager Shaun Murphy redundant. Murphy was with the firm for 11 years and looked after the IFA business division and its sales team.

Lutine says the decision is part of the firm’s plans to focus on a technology-driven IFA force, now headed by business development manager Marc Osman.


Pension complaints up by 10%

Complaints about poor service by pension providers have increased by 10 per cent in the past year, according to The Pensions Advisory Service. TPAS handled almost 8,000 complaints about personal and occupational pension policies in the year to the end of March, despite industry initiatives such as Options, to speed up pension transfers.

Skandia launches dividend product

Skandia has launched an enhanced dividend seeker product which will offer income based on the dividend payments of the FTSE 100 companies, rather than their share price valuations.

Providers too confident of adviser demise

There has been much debate in recent weeks about how providers are revving up to deal with the retail distribution review and the distribution landscape they will be working in after 2012.


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