26 February 2026 – 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 eight 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.
