PIMFA, the leading trade association representing the wealth management, financial advice, and financial planning profession, today announced that the Rt Hon. the Lord Deben will be stepping down from his role as Chairman after nine years of dedicated service.
During his tenure, Lord Deben played a pivotal role in taking the organisation forward following the amalgamation of WMA and APFA to create PIMFA and has since worked tirelessly to strengthen the position and standing of the association, championing the interests of members, and the sustainability of the advice and personal investment services sector. Under his chairmanship, PIMFA has navigated a period of significant regulatory, economic, and industry change, while continuing to advocate for high standards and positive client outcomes.
Liz Field, PIMFA’s Chief Executive, paid tribute to Lord Deben’s valued contribution, saying:
“On behalf of the Board, our members, and the entire organisation, I would like to thank Lord Deben for his outstanding commitment and service over the past nine years. His insight, integrity, and unwavering support for both the profession and PIMFA have been instrumental in helping us deliver on our purpose. We are deeply grateful for the time, energy, and expertise he has given, and for the strong foundations he leaves behind.”
Reflecting on his time as PIMFA Chairman, Lord Deben said:
“It has been a privilege to serve as the Chairman of PIMFA and of APFA before that. Over the past nine years, I have had the opportunity to work alongside a highly committed Board, and exceptional team and passionate members, who truly care about the future of our profession and their clients. I am proud of what we have achieved together and confident that the association is well positioned to continue supporting members in delivering trusted, high-quality advice and personal investment services. PIMFA is crucially important in ensuring that financial planners, advisers and investment managers are able effectively to play their vital part in the British financial industry.”
Lord Deben will step down from the role on 1 March 2026, and PIMFA will confirm further details regarding succession in due course.
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About PIMFA
PIMFA (The Personal Investment Management & Financial Advice Association) is the trade association for firms that provide wealth management, investment services, and financial advice and planning to everyone from individuals and families to charities, pension funds, trusts and companies. The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
PIMFA represents both full and associate member firms. Full members provide a range of financial solutions, including wealth management, financial advice and planning, as well as investment and execution services. They assist everyone from individuals and families to charities, pension funds, trusts and companies. Associate members provide professional services to the PIMFA community.
PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to help create a UK culture of thriving financial health through constructive advocacy, fostering connections, and providing practical support.
PIMFA was established in 2017 as a result of the merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA), which has a history as a trade association dating back to 1991.
Further information can be found at www.pimfa.co.uk.
Contact PIMFA
For more information on this press release, or other press matters, please contact:
Sheena Gillett, PR & Communications Director, PIMFA
sheenag@pimfa.co.uk / (+44) 7979 493225.