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Openwork chief joins adviser trade body board

Openwork chief executive Mark Duckworth has joined the board of Pimfa, four years after he pulled the network out of the adviser trade body's predecessor

Openwork chief joins adviser trade body board

Openwork chief executive Mark Duckworth has joined the board of the Personal Investment Management and Financial Advice Association (Pimfa). 

Duckworth (pictured) joined the Pimfa board, which is chaired by former Conservative minister John Gummer, on 1 April.

Other members of the board include Sanlam Private Office chief executive Penny Lovell, Heartwood Wealth Management chief executive Tracey Davidson and Smith & Williamson co-chief executive David Cobb. 

'Pimfa is a standard bearer for our industry,' Duckworth said. 'I am extremely proud to be joining its board and look forward to adding my passion and expertise to Pimfa’s great work; enabling more member firms to advise more clients on creating and protecting their wealth.'

The move marks something of a U-turn from Duckworth. Openwork left Pimfa's predecessor the Association of Professional Financial Advisers (Apfa) soon after he took over as chief executive in 2015, claiming its size as a network meant it no longer needed trade body representation. 

'Our size, scale and status, offering both restricted and independent advice through the safety of an appointed representative model, means we differ from many other advice businesses in terms of the level of direct engagement we have with the regulator and policymakers,’ Duckworth said at the time. 

‘Having reviewed our position in this respect, we have concluded we no longer require trade body representation and have accordingly resigned our membership of Apfa.’

Read our 2018 interview with Duckworth. 

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