Threesixty managing director Phil Young steps down

Managing director of adviser service provider Threesixty Phil Young is stepping down.

Young joined Threesixty in 2003 from Bankhall, and took over as managing director six years ago.

Recently Young and Threesixty backed the launch plans of equitable mortgage club The Adviser Alliance.

Young said he wants to “support and help implement” plans to launch the new club, which aims to deliver 100 per cent of procuration fees to its members.

Young also wants to promote the club to Threesixty members.

During his time at Threesixty, Young has been vocal on issues such as advisers taking margins from platforms under distribution deals, the risks of unregulated investments and ensuring compliance on complex areas of advice like DB transfers.