Financial advice pioneer Len Warwick has died at the age of 68.
Warwick (pictured), a founder director of the Association of Independent Financial Advisers and a past president of the Life Insurance Association (LIA), died last night. He had been suffering from pneumonia.
Warwick was the founder and chairman of Cheltenham-based IFA Warwick Butchart Associates and had worked in financial services for more than 50 years. He was awarded a CBE for his services to financial regulation in 1996 and also served as a director of the Securities and Investment Board (SIB).
David Burren, Warwick Butchart managing director, said: ‘It is a very sad loss to us all and particularly to his wonderful family and very many friends.
'As a business partner he was always wonderfully fair and honest, and a man of huge integrity. He was a man that everybody spoke highly of. Everybody I know that came into contact with him had nothing but good to say about him.
Warwick entered financial services in 1962 as a salesman at Commercial Union, spending four years there before moving to JH Minett Life & Pensions, where he spent two years. He then joined Endsleigh as regional manager for the West and Wales, before becoming national sales manager at the age of 28. In that post he built up a team of around 50 life and pensions consultants.
In 1981 Warwick started life as an IFA, setting up his own firm and operating as a sole trader, before Burren joined as a consultant in 1994. Burren became a shareholder and co-managing director of Warwick Butchart Associates in 1999.
Warwick served as the LIA president in 1988/89 and focused on promoting education in financial services. Education was also the focus of his time as a director of SIB, which he served between 1989 and 1996. There, he developed and introduced minimum training standards for advisers, and delivered the CP40 report into financial services. He was also more recently a contributor to the alternative assessment project group, set up to examine the practical issues surrounding the alternative assessment routes towards the retail distribution review's level four qualification benchmark.
Warwick was also a director of the Investors Compensation Scheme, the predecessor to the Financial Services Compensation Scheme, between 1993 and 1994, and was awarded a lifetime achievement award for his work in the financial adviser community by Scottish Widows in 2007.
He was also an author, publishing his first book, Making a Difference, in 1996. He published his first novel, The Unspoken, last year.
Warwick is survived by his wife Ros, children John, Tom, Richard, Helen and Bernadette and several grandchildren.