PFS elects new president

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The Personal Finance Society has appointed Phoenix Wealth Management managing director Brendan O’Ciobhain as its new president.

O’Ciobhain, who previously held roles at City Financial Planners and Inter-Alliance, was elected at the Society’s annual general meeting.

He replaces Chadney Bulgin managing director David Thomas whose 12-month term ends this month.

Thornton Associates managing director Sharon Sutton and NFU mutual sales and agency director Nick Turner were appointed vice presidents.

Turner was previously sales director for Axa Wealth and head of proposition for the Elevate platform, while Sutton is a past president of the Isle of Man Insurance and Financial Services Institute.

In recent months the PFS has led warnings over so-called insistent clients.

Chief executive Keith Richards has called on the Government and regulator to introduce safeguards for advisers working with clients who go against recommendations.

Richards discusses the FCA’s recently announced review of the advice market in a video interview with Money Marketing here.