Keith Edgar, head of Peverel Retirement, is leaving the controversial company, which has been criticised by Leasehold Valuation Tribunals for inter-company contracts and hidden commissions.
In April it was named in a debate in the House of Lords.
Edgar’s resignation is the first indication that chief executive Janet Entwistle, who arrived in March, will clear out the top levels of the company.
This is from Edgar’s statement on the Peverel website:
“With its new owners in place the Peverel Group is unquestionably in excellent shape, and with Janet Entwistle at the helm the business has the right person to move it forward. Janet’s commitment to customer service means these are exciting times for everyone connected with the Peverel Group.”