Tim Sargisson, the managing director of Schroders-backed Benchmark Financial Planning, has left the firm.

Peter O’Sullivan, who was expected to retire, will expand his current part-time role in the business to resume the position of managing director while the firm searches for Mr Sargisson's replacement. 

He joined the firm in July 2023 and was previously chief executive of Sandringham Financial Partners for seven years.

Before that, he ...