openwork

New Openwork chief executive Mary-Anne McIntyre said the network will break its exclusive platform tie-up with Zurich UK Life as she expects the needs of clients within its diverse adviser base to draw special attention from the FSA.

Openwork is providing its advisers with a new client bank segmentation tool to help them transition for the retail distribution review (RDR) and get them ready for fee-charging business models.

Openwork has hired Paul Bridge in the role of chief operating officer (COO) to replace Mary-Anne McIntyre, who was recently promoted to CEO.

Openwork has begun a pilot programme to start its transition to a fee charging, RDR-compliant model.

Delaying the introduction of the retail distribution review (RDR) by one year, as proposed by MPs last week, could result in an extra 10% of advisers remaining in the industry, IFA network Openwork said.

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Openwork has promoted Mark Duckworth to managing director, distribution and marketing.

Multi-tie network Openwork has finalised its acquisition of 2plan Wealth Management after gaining final FSA approval.

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Openwork has appointed Mary-Anne McIntyre as chief executive officer, subject to FSA approval.