Pogmore joined Ignis in November 2009 and was responsible for developing relationships with UK fund platforms, life offices, national IFAs and advisory networks. He joined from M&G where he was partnerships development director from 2003 to 2008.
An Ignis spokesman says: “We are not looking to replace Nick Pogmore. There has been a blurring of buying patterns in the wholesale and retail markets and we ended up with two people covering the South-west. As a result, Pogmore’s role has been made redundant.”
Brian Gratton, the director of fund sales, is now covering the South-west.
Ignis says the redundancy is part of a wider review into distribution roles across the London and Glasgow offices, which has seen up to 20 roles put at risk of redundancy. The spokesman says: “There will be a two-week consultation and some people will be offered new roles at Ignis and others will be made redundant.” (article continues below)
Adrian Lowcock, senior investment adviser at Bestinvest, says: “There have been a lot of changes at Ignis. Fund managers are reviewing key parts of the business and that includes distribution.”