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Prestwood MD Philip Congrave to retire

Prestwood Software managing director Philip Congrave is set to retire late this month.

Congrave, who joined Prestwood in 1986, will remain available to the group for consultation for 12 months, during the handover period to his successor, Ritchie Walton.

Walton has been at Prestwood Software for 16 years, most recently as the firm’s operations manager.

Prestwood chairman Paul Etheridge says: “Philip has been with Prestwood for over 25 years.  He has steered our software development through a period of growth and transformation against a backdrop of the most tumultuous period of market upheaval for 60 years.

“He has been an outstanding colleague with a well-developed commercial sense and a genuine interest in our community of users.  He leaves with our best wishes for the future.”



Platforms fear legacy plan will scupper re-registration

Platforms have warned the FSA’s decision to class re-registration as a non-advised process, therefore allowing legacy commission to continue being paid after the fund switch, could scupper the re-registration process. In its November consultation paper on the treatment of legacy assets under the RDR, the FSA said it would press ahead with its ban on […]


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