Former Minister for Agriculture John Gummer has been appointed to succeed Lord Hunt of Wirral as cha...
Former Minister for Agriculture John Gummer has been appointed to succeed Lord Hunt of Wirral as chairman of the Association of Independent Financial Advisers (AIFA). Gummer, who is noted for his empathy with small businesses, will take up this post on January 1.
John Gummer was Margaret Thatcher's Chairman of the Conservative Party and for 16 years a minister, ending up as Minister for Agriculture, Fisheries and Food, and then Secretary of State for the Environment.
Prior to his ministerial career he was a businessman and chairman of a medium-sized company. In consecutive years, the BBC awarded him the title 'Parliamentarian who did most for the Environment Internationally', while the NGO community called him 'the best Environment Secretary we have ever had'.
Since leaving office he has been appointed chairman of the International Commission on Sustainable Consumption. He is also chairman of The Sancroft Group and Valpak, as well as non-executive director of Kidde.
"I am particularly pleased to be involved with an association which represents the smaller financial institution," says Gummer. I firmly believe that these businesses need support and assistance if they are not to be overwhelmed by the demands of the authorities. I am especially concerned to ensure that new developments in the EU do not add to the burdens on business."
Lord Hunt says he cannot think of anyone with better credentials to take the Association to the next stage of its development. "It is important that the AIFA chairman works for the sector as a whole and promotes the value of independent financial advice."
To aid regulatory reporting
Three year strategic review
Impact on markets
Has run Cautious Managed fund since 2011
What’s right – not what sells