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Intrinsic founder Higginson leaves business
by Nicholas Paler on Aug 16, 2010 at 14:16
Intrinsic Financial Services co-founder and marketing director George Higginson is to leave the business.
The company said in a statement that group marketing director Higginson (pictured) was leaving the business he helped launch in 2006.
Higginson will also step down from his position as chairman of Mint Financial Services, a position he took up when Intrinsic acquired the IFA network in 2008.
No replacement for him has been found for either post, Intrinsic said.
Chairman Lord Leitch and fellow directors Richard Freeman, Kevin Ronaldson, David Capel and Wallace Dobbin remain at the firm.
The Mint network has been caught up in the Integrity scandal after selling clients geared traded endowment policies sold by Integrity Financial Solutions.
Mint agreed to pay £40,000 earlier this year to a retired couple who were sold the product, after the Financial Ombudsman Service (FOS) upheld their complaint.
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1 comment so far. Why not have your say?
Paul Nedas
Aug 19, 2010 at 10:31
We are eagerly awaiting the FSA's reaction to Mint's conduct in relationship to sales of Integrity Plans, partcularly the treatment of clients whose complaints to the FOS were upheld and who subsequently experienced difficulties recovering their compensation from Mint.
Would it be reasonable to presume that the FSA will be investigating Mint on the same basis as Derrek Hales, Knowlden Titlow, Garrison Finance and Integrity Financial Solutions?
Interesting to learn from todays FTAdvisor ..... "Mr Higginson’s work with the FSA as a network representative on the FSA’s retail distribution review has led to some speculation among Intrinsic’s grass roots that he may be heading towards a new venture led by Mr Keith Carby."
One would hope that his relationship with the FSA would have no influence on their investigations into Mint's conduct.
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