Up to five people are expected to move to London with the Institute of Financial Planning, following the completion of its merger with the Cisi last week.
This that means approximately eight people – including Sue Whitbread, the IFP’s communications director of nine years – have chosen to take redundancy rather than move from the trade body’s previous home in Bristol.
Those who did move were given a relocation allowance. Lora Benson, head of media at Cisi, said if the merger had gone according to plan, then all IFP members will have received their welcome packs.
Ms Benson said: “We have established the IFP Forum, and all IFP members will form part of this new Forum.
“This group, run under the Chatham House Rule, provides the opportunity to network with colleagues, listen to financial planning-focused presentations, engage in open discussion and share ideas and concerns in a confidential setting.
“The forum will be chaired by members of the former IFP board, and will run at least six events a year.”
Adviser view
Daniel Elkington, a financial adviser with Lincolnshire-based Chattertons, said: “It is nice to see organisations support other areas, but really London is the centre of the financial world.
“I don’t know why any members would want to walk away from it because it could become a better organisation.”
