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Succession appoints new directors in executive reshuffle

James Stevenson is appointed Succession Group managing director


Succession Group has announced a number of new management appointments in a reshuffle of senior staff.

James Stevenson has been appointed as its managing director and Sanjay Shah will become managing director of Succession Advisory Services.

Stevenson joined Succession in 2015 as group operating director. In September 2016 he assumed full commercial, operational and financial responsibility for the group.

Shah started working with Succession Advisory Services in 2010 and sold his advice firm to the group in 2014.

Succession also announced the appointment of Simon Charles as group HR director. Charles has previously worked for Flybe, Pepsico and PwC.

Other appointments include Hazel Hodge as Succession Advisory Services membership director, Helen Blackmore as HR head, and Karen King as group head of learning and development.

Mark Stokes, whose firm Lewis Chambers was acquired by Succession this year, has been appointed group proposition and marketing director.

Succession founder and former chief executive Simon Chamberlain passed away in March.

Succession executive chair Ray Pierce, who has headed the management team since Chamberlain’s passing, says: “These new appointments reflect the continued development of the Succession team and underline our commitment to creating the UK’s largest privately-owned wealth management businesses.”

He says: “They also reflect our refreshed commitment to be an employer of choice, attracting and developing the very best people, and creating a company culture that wholly invests in its people to redefine what is seen in the industry today.”



Succession acquires two advice firms in £4m deal

Succession Group has acquired member firms Paul Jones Financial Services and Equity Invest for a total consideration of £4m. The consolidator has now acquired four businesses this year. It bought member firms Lewis Chambers and Plan4Wealth in March in a deal that valued the businesses at more than £10m. Paul Jones is based in Southampton and […]


Succession boss Simon Chamberlain passes away

Succession chief executive and founder Simon Chamberlain has sadly passed away. In a statement, the company says he died suddenly earlier today. No further announcements are being made at this time. Succession says: “Our thoughts and concerns are with his wife Helen and children Charlotte, Henry and Olivia at this difficult time.” The company will […]


Bank of England appoints new deputy governor to manage Brexit strategy

The Bank of England’s chief operating officer Charlotte Hogg will become the Bank’s deputy governor as Threadneedle Street gears up for Brexit negotiations. Hogg spent ten years at Morgan Stanley and then moved to Santander before being brought to the Bank in 2013. She will both help manage the evolution of UK financial regulations as […]

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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