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2Plan posts £1.9m loss

2Plan has posted losses of nearly £1.9m for 2008.

Within its 2008 results, the IFA revealed losses of £1.86m, up from losses of £1.44m incurred in 2007.

2Plan chief executive Chris Smallwood says the firm exceeded its expectations and says it is well placed to meet the demands of the RDR.

He says: “During the past year, 2Plan continued its heavy investment in the infrastructure of the business, in terms of its staff, systems, processes and recruitment team. But the changing regulatory landscape and the deteriorating economic conditions made 2008 a very challenging year.”

Smallwood also says 2Plan will continue to develop its 2Plan Wealth Management proposition in the comings years.

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  1. The old timers will remember…
    The old life sales trainers used to say “nobody plans 2fail, they simply fail 2Plan”. Seems nobody is balancing the books in this industry, not even the regulator.

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