View more on these topics

Sandringham appoints ex-Aviva director Peter Hales as chairman

SimplyBiz chairman Ken Davy’s restricted national advice business, Sandringham Financial Partners, has hired former Aviva sales and marketing director Peter Hales as its chairman.

Hales was an Aviva board member and is also a former Chartered Insurance Institute president. He holds a number of non-executive director posts including Skipton Building Society and Unum Ltd.

The firm has also hired Barry Kayes as deputy chairman. Kayes has held senior positions with Scottish Life, Friends Provident and The Hartford as well as 12 years as Tenet chairman before quitting in October 2006.

He also sits on the Aifa board and is a former member of the CII Life and Pensions Faculty Board.

Davy unveiled Sandringham in July. It is currently undergoing an FSA authorisation process.

SimplyBiz is set to invest £2m in the business, with Davy taking on a marketing consultant role.

Davy says: “With the full launch a matter of weeks away, this is an incredibly exciting time for everyone associated with Sandringham. I believe we have brought together the best possible team to enable Sandringham to deliver a winning formula that will be second to none and which will present a unique opportunity for every adviser looking for a fresh opportunity in 2013.”

Hales says: “It is very exciting to be involved in a new venture at this time of major industry change. Both Barry and I welcome the chance to work with Steve and his team and particularly value Ken Davy’s backing and support for Sandringham.”

Highclere Financial Services partner Alan Lakey says: “Peter Hales has been around the industry a long time, probably longer than me. Ken Davey has always surrounded himself with excellent lieutenants who are well-respected. His skill has been in persuading them to join him.”


Fitch: European multi-asset funds must rethink asset allocation

Fitch Ratings has warned European multi-asset funds they need to rethink their asset allocation and market timing. In a report published last week, the ratings agency says “volatile markets without clear trends” have impaired tactical asset allocation, with fund diversification suffering from a rise in asset class correlation. According to Fitch, average returns in the […]

Henderson reports £1.1bn net outflows in Q3

Henderson has reported a net outflow of £1.1bn in the third quarter of 2012. The group saw £296m of outflows from its retail range, as well as £585m from its institutional offering. Henderson says the retail outflows were predominantly from its UK Oeic range, which saw net outflows of £408m, some of which was offset […]


FSA: ‘Forbearance could leave thousands worse off’

FSA principal risk specialist Karen Wilshere says lenders may have left “hundreds of thousands” of borrowers in a worse position by providing forbearance when they have experienced money problems. Since the financial crisis, the Government and regulator have pushed banks to employ forbearance measures such as payment holidays, temporary reductions in monthly repayments, temporarily switching […]

Head to Head: Should parents’ pensions be used to ease housing market

The UK housing market badly needs unlocking. On the demand side we have many young people who want a place of their own but who can’t get together the large deposit that they need for a mortgage. On the supply side we have land with planning permission for hundreds of thousands of new homes but […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm