Former AWD Group chief executive Douglas Gardner has joined Positive Solutions as distribution director.Aegon head of risk Graham Dumble has also joined the board as a non-executive director in a management reshuffle that sees sales director Chris Smallwood and compliance director Chris Davies leave the group. Positive Solutions revealed last week that David Harrison has stood down as chief executive to take the role of executive chairman. Former chief operating officer Neil Johnson becomes chief executive. Gardner, who quit AWD last August, takes on the newly created role of distribution director, which will see him take on Smallwood’s responsibilities as well as the broader remit of building relations with providers and its IFAs. He will be supported by assistant sales director Mark Henderson. Assistant compliance director Doug Hudson will look after compliance issues while the firm seeks a replacement for Davies. Johnson says the management changes reflect the direction in which he wants to take the company. Johnson says: “We are extremely sorry that Chris and Chris are leaving, both for personal reasons. They have played a major part in our achievements so far. The directors would like to wish them both great success in their future endeavours.”
Of the three Adviser Fund Indices, the Aggressive AFI saw the heaviest turnover of constituents at the rebalancing on May 1. With 21 of the 107 funds appearing in the last AFI season (from November 1, 2005 to April 30, 2006) being dumped from the riskiest index by the adviser panellists, this represents a fund […]
FundsNetwork’s latest series of user forums will take place in June featuring Fidelity, Henderson and Jupiter. The 18-venue roadshow will include presentations on asset allocation, property investment and income generation in a low-yield environment.
IFA champion and former Conservative vice-chairman Howard Flight is on the A-list of Tory candidates to fight safe seats at the next general election, according to sources close to the party.
A former Sesame member is looking to set up an ex-members’ action group after the network refused him access to his client files to help him fight a complaint. Hartlepool-based Independent Financial Services principal Jim Gillespie is calling on former and retired members to band together and pressure Sesame into allowing them to access their […]
Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy
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It is likely the increased regulatory scrutiny on fund managers’ value could filter down to advice firms in the future In my last article, I considered the influence a non-executive director could have in challenging an advice firm’s business model in light of the pension transfer issues. Now, in its asset management market study final […]
The financial services industry has failed to find ways of nudging consumers to think about their options at retirement, despite three years of pension freedoms. A panel at the Association of British Insurers retirement conference today lamented the way companies talk to people about pensions and the lack of engagement it inspires. ABI director general […]
The new chief executive of the single financial guidance body can expect a salary of £175,000 a year, according to a job advert posted online. The advert, posted on the Cabinet Office website says applications will close in mid-May with final interviews held in early July. The date for announcing the successful candidate has not […]