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In 2001 Holmes was appointed a non-executive director of the now defunct [[Berkeley Berry Birch]] (BBB) but resigned shortly thereafter citing problems to do with his residency in the Republic of Ireland.<ref name=mm>[http://www.moneymarketing.co.uk/news/consultant-defends-his-sales-tactics/119240.article "Consultant defends his sales tactics" by Paul McMillan] in Money Marketing, 16 March 2006. Retrieved 23 November 2011. [http://www.webcitation.org/63PXvaiEp Archived version.]</ref> The failure of BBB was partly attributed to problems with their regulator, the [[Financial Services Authority]], arising from training of the BBB salesforce carried out by Holmes. BBB was publicly censured by the FSA over the misselling of whole of life policies and regular savings plans between 2001 and 2004.<ref>[http://www.moneymarketing.co.uk/mortgages/advisers-urged-to-be-on-alert-over-property-plan/1018573.article "Advisers urged to be on alert over property plan" by Paul Thomas] in Money Marketing, 17 September 2010. Retrieved 23 November 2011. [http://www.webcitation.org/63PYysMGC Archived version.]</ref> Holmes roundly denied that his training was the cause of misselling problems at BBB, citing compliance problems as the cause instead.<ref name=mm/> |
In 2001 Holmes was appointed a non-executive director of the now defunct [[Berkeley Berry Birch]] (BBB) but resigned shortly thereafter citing problems to do with his residency in the Republic of Ireland.<ref name=mm>[http://www.moneymarketing.co.uk/news/consultant-defends-his-sales-tactics/119240.article "Consultant defends his sales tactics" by Paul McMillan] in Money Marketing, 16 March 2006. Retrieved 23 November 2011. [http://www.webcitation.org/63PXvaiEp Archived version.]</ref> The failure of BBB was partly attributed to problems with their regulator, the [[Financial Services Authority]], arising from training of the BBB salesforce carried out by Holmes. BBB was publicly censured by the FSA over the misselling of whole of life policies and regular savings plans between 2001 and 2004.<ref>[http://www.moneymarketing.co.uk/mortgages/advisers-urged-to-be-on-alert-over-property-plan/1018573.article "Advisers urged to be on alert over property plan" by Paul Thomas] in Money Marketing, 17 September 2010. Retrieved 23 November 2011. [http://www.webcitation.org/63PYysMGC Archived version.]</ref> Holmes roundly denied that his training was the cause of misselling problems at BBB, citing compliance problems as the cause instead.<ref name=mm/> |
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More recently Holmes was Chairman of the ''Gateway Consortium'', which failed in 2011 after an unexpected VAT bill for £400,000.<ref>[http://www.citywire.co.uk/new-model-adviser/gateway-sunk-by-400k-vat-bill-for-ucis-commission/a482075 "Gateway sunk by £400k VAT bill for Ucis commission" by Iain Martin.] New Model Adviser, 30 March 2011. Retrieved 24 November 2011. [http://www.webcitation.org/63RfbitHr Archived here.]</ref> |
More recently Holmes was Chairman of the ''Gateway Consortium'', which failed in 2011 after an unexpected VAT bill for £400,000 on commission it received for the marketing of unregulated collective investment schemes (UCIS) to financial advisers.<ref>[http://www.citywire.co.uk/new-model-adviser/gateway-sunk-by-400k-vat-bill-for-ucis-commission/a482075 "Gateway sunk by £400k VAT bill for Ucis commission" by Iain Martin.] New Model Adviser, 30 March 2011. Retrieved 24 November 2011. [http://www.webcitation.org/63RfbitHr Archived here.]</ref> |
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Holmes is a trainer and Master Practitioner of [[Neuro Linguistic Programming]]. In 2006 he graduated from the Open University with a degree in History and has embarked on a PhD.<ref name=nma>[http://citywire.co.uk/new-model-adviser/face-to-face-with-clive-holmes-of-gateway-consortium/a278021 "Face to Face: with Clive Holmes of Gateway Consortium" by Gavin Lumsden] New Model Adviser, 16 November 2006. Retrieved 24 November 2011. [http://www.webcitation.org/63ReE7fba Archived here.]</ref> |
Holmes is a trainer and Master Practitioner of [[Neuro Linguistic Programming]]. In 2006 he graduated from the Open University with a degree in History and has embarked on a PhD.<ref name=nma>[http://citywire.co.uk/new-model-adviser/face-to-face-with-clive-holmes-of-gateway-consortium/a278021 "Face to Face: with Clive Holmes of Gateway Consortium" by Gavin Lumsden] New Model Adviser, 16 November 2006. Retrieved 24 November 2011. [http://www.webcitation.org/63ReE7fba Archived here.]</ref> |
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Revision as of 23:29, 24 November 2011
Clive J. Holmes was the founder of the Life Insurance Association and the co-founder of the Institute of Financial Planning
Career
Holmes entered the financial services business in 1964 at a West London firm of insurance brokers. In 1966 he joined Abbey Life where he spent twenty years as a salesman and manager. He has cited seeing Ben Feldman speak at the 1971 Million Dollar Round Table conference as a key event in his life.[1]
In 1972 he founded the Life Insurance Association and in 1987 he was the co-founder of the Institute of Financial Planning.
In 2001 Holmes was appointed a non-executive director of the now defunct Berkeley Berry Birch (BBB) but resigned shortly thereafter citing problems to do with his residency in the Republic of Ireland.[2] The failure of BBB was partly attributed to problems with their regulator, the Financial Services Authority, arising from training of the BBB salesforce carried out by Holmes. BBB was publicly censured by the FSA over the misselling of whole of life policies and regular savings plans between 2001 and 2004.[3] Holmes roundly denied that his training was the cause of misselling problems at BBB, citing compliance problems as the cause instead.[2]
More recently Holmes was Chairman of the Gateway Consortium, which failed in 2011 after an unexpected VAT bill for £400,000 on commission it received for the marketing of unregulated collective investment schemes (UCIS) to financial advisers.[4]
Holmes is a trainer and Master Practitioner of Neuro Linguistic Programming. In 2006 he graduated from the Open University with a degree in History and has embarked on a PhD.[1]
References
- ^ a b "Face to Face: with Clive Holmes of Gateway Consortium" by Gavin Lumsden New Model Adviser, 16 November 2006. Retrieved 24 November 2011. Archived here.
- ^ a b "Consultant defends his sales tactics" by Paul McMillan in Money Marketing, 16 March 2006. Retrieved 23 November 2011. Archived version.
- ^ "Advisers urged to be on alert over property plan" by Paul Thomas in Money Marketing, 17 September 2010. Retrieved 23 November 2011. Archived version.
- ^ "Gateway sunk by £400k VAT bill for Ucis commission" by Iain Martin. New Model Adviser, 30 March 2011. Retrieved 24 November 2011. Archived here.