As well as his main role as Conservative MP for Suffolk Coastal, Gummer is chairman of the Association of IFAs, AMI's sister trade body. With the market in a state of flux, the AMI board chose an impartial chairman who wasn't from a network or a directly authorised firm.
So, Mortgage Strategy asks: Do you agree with the choice of John Gummer
as chairman of AMI and why?
Andy Pratt, Alexander Hall
It's a sound appointment. John Gummer has done a good job at AIFA and I'm sure he'll make the transition to AMI smoothly. But one thing I wouldn't like to see happen is for AMI to lose its lively approach.
Mike Fry, Halton Insurance Services
John Gummer has been involved in the financial services industry through his work with AIFA so it's not as if he's been plucked from obscurity. He has a wealth of experience working in various positions in the City.
Bob Sturges, igroup
John Gummer's experience as AIFA chairman will help him find his feet quickly. He is best known for his time as a Tory cabinet minister during the BSE crisis in the 1980s. This has no doubt left him well equipped to deal with media relations – a vital attribute in such a high profile role.
Lis Walton, First National
As media and political interest in the financial services industry intensifies, it makes sense to appoint a chairman who has experience in working with controversial issues. John Gummer's 16 years' ministerial experience will stand him in good stead.
Tony Jones, Pink Home Loans
I was impressed when John Gummer spoke at AMI's annual drinks this year about how it is vital that the industry does not become too bureaucratic. He was also strong on regulatory creep.
Peter Brodnicki, Mortgage Advice Bureau
John Gummer's appointment means an experienced individual will be guiding its work and ensuring that the views of all players in the industry are considered.