View more on these topics

&#39Charcol has room to grow&#39

Charcol general manager Ricky Okey says the last four years have seen mutual benefits both for the mortgage broker and B&B.

B&B bought mortgage broker and advisory business Charcol in February 2000 for £100m.

Okey says Charcol brought mortgage broking expertise to B&B and helped launch The MarketPlace while B&B brought growth opportunities. He says there will be many opportunities for Charcol to progress as a free-standing business.

Okey says: “For Charcol, it creates opportunities for the staff and there is no reason to be concerned. Charcol is entrepreneurial in spirit and it may well be easier to deal with staff retention in terms of consultants.”

Recommended

L&G contests FSA endowments fine

Legal & General is taking on the FSA to contest a £1.1m fine for endowment misselling. L&G is challenging a ruling by the FSA that it missold higher-risk products to riskaverse savers from 1997-1999. At a preliminary hearing of the Financial Services and Markets Tribunal last week, L&G&#39s solicitor said the company does not believe […]

IFAP offers net deal in return for higher fees

IFA Promotion members are to be given the option of paying higher membership fees to enhance the potential benefits they receive through the body. Last week, Money Marketing reported that chief executive David Elms is urging advisers to recognise the value that IFAP offers to their businesses and be willing to pay for it. For […]

Spouse approval is urged for single-life annuities

Spouses could be forced to get written consent from their partners before buying single-life annuities under a rule change called for by the Equal Opportunities Commission and Age Concern. An EOC-sponsored amendment to the Pensions Bill was withdrawn by Labour MP Vera Baird last week after the Government said it would look at ways of […]

New Star Asset Management – New Star Managed Hedge Fund

Type: Fund of hedge funds Aim: Growth by investing in a portfolio of New Star hedge funds Minimum investment: Lump sum £100,000, $200,000 Place of registration: Dublin Investment split: 26% New Star hedge fund, 20% New Star Japan Hedge Fund, 18% New Star Convertible Opportunities Hedge Fund, 10% New Star Global Wealth Management Hedge Fund, […]

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment