PTFS chairman Martin Wilson retires
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Martin Wilson has retired as chairman of Personal Touch Financial Services, but will remain as a shareholder and a corporate ambassador for the network.
He will not hold an executive position but will be known as a corporate ambassador for the network, though it is not clear what this role will involve.
In an email to ARs today, PTFS says: “Martin has made a decision to retire from his full time role within PTFS but will continue to be a shareholder in the business and act as a corporate ambassador. I am sure you will join us in wishing Martin every success and thank him for the part he played in the success of PTFS.
“It will be no surprise to you that PTFS continue to have ambitious plans for 2010 and beyond and are confident we will continue to be a winner, in what remains a difficult market for many. As we communicated previously we are working towards appointing a new chief executive and in the meantime it is business as usual.”
Wilson was suspended in November pending the result of an internal investigation, this is not believed to be connected to his decision to leave.
PTFS says it is unable to comment on personal decisions made within the company.
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Readers' comments (14)
Anonymous | 5 Jan 2010 11:53 am
Yet again we hear things via third parties instead of direct from the nnetwork -very 'personal' touch!
Martin & Amanda were one of the best bits of the network & will be missed
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Anonymous | 5 Jan 2010 12:37 pm
Martin was Personal Touch, lets hope the Network continues his legacy of treating brokers fairly.
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gary fairhall | 5 Jan 2010 1:01 pm
very sad day for network as Martin was personal touch. Let's hope the staff and members have a motivational leader who is approachable and cares about it members.
Conference will not be the same!
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Alan Townley | 5 Jan 2010 1:26 pm
I used to work with Martin in the FS early days and i can honestly say you couldnt find a nicer, more honest guy. All the best to him in any future endeavour / position
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Anonymous | 5 Jan 2010 2:37 pm
What did he do?! As a PTFS member I will not be satisfied until I know why someone who started the network, and has been an integral part of it's development, has been forced to resign/retire. PTFS owe it to their members to tell them the truth, otherwise the speculation will severely damage the credibility of the network!! The response so far sounds like something you'd hear from the government after a Minister has been forced to step down following a scandal.
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Anonymous | 5 Jan 2010 2:45 pm
we always found martin to be innovative and business like , a good mix in a world dominated by " corporatism".
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Anonymous | 5 Jan 2010 3:02 pm
How come Nigel Wood, commenting on moneymarketing.co.uk, seems to know that Martin Wilson resigned BEFORE Christmas and that the alleagations were quashed at the same time, when we're finding out about it in January through a third party? This has been very badly managed by PTFS. Are they also going to tell us what happened to Amanda Wilson? Or do we have to wait until the story breaks in the media??
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Anonymous | 5 Jan 2010 3:17 pm
Funny when I was a member of PTFS I cannot remember him ever coming back to me when I wanted to discuss ideas, maybe it is good for Personal Touch for him to resign!
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Anonymous | 5 Jan 2010 5:36 pm
I am a AR of PTFS and can state that I have not received any email from them today as they claim communicating this. I am aware due to confidentiality they cannot tell us why he retired but if anyone from PTFS reads this they are a good network but their communication is appalling.
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Anonymous | 5 Jan 2010 8:56 pm
This whole saga stinks! Who is actually running PTFS now? There has been an obvious flexing of muscles by the compliance geeks over the last few years, which has made it harder to operate as an AR. It wouldn't surprise me if someone like John Ruddick crops up as the new CEO!! I fear PTFS will go the same way as Inter-Alliance and Positive Solutions.
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