Institute for Financial Wellbeing founder and chair Chris Budd steps down

Budd said he had achieved his goal of the not-for-profit being given "institute" status by the government and it was time to move on from the role of chair.  The IFW, initially an 'initiative' was started by Budd in 2019 after he sought industry opinion on the desire for a new institute focused on financial wellbeing. Budd later discovered only the government can officially deem something an "institute" and then made it his mission to achieve the status. Within three years it was formalised by the secretary of state for business.  He said: "This doesn't mean that I don't want to ca...