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Alt FS director Terry Pritchard resigns

Alt FS director of distribution Terry Pritchard has resigned from the firm, blaming the commute into London every day.

Money Marketing revealed Pritchard, who initially held the role of managing director before taking on the role of director of distribution, had set up the firm in October last year.

Pritchard, who lives in Arundle, says he is considering a number of offers but is yet to make a decision. He also said he is looking at creating a bridging proposition and an international home reversion product.

He says: “I was fed up with going into London ever day so I resigned.”



FSA confirms 10% increase in budget

The FSA has confirmed that overall regulatory funding will see a gross increase of 10.1 per cent over the next year, from £454.7m in 2010/11 to £500.5m for 2011/12. However enforcement fines levied over the previous year will mean that in total firms will pay 2 per cent less in regulatory fees compared to last […]


Real income falls for first time since early 1990s

Incomes have fallen in real terms over a three year period for the first time since the 1990s, according to a new report from the Institute for Fiscal Studies. The report, Living Standards During the Recession, says that between 2008 and 2011 income has fallen by around 1.6 per cent when in a typical three […]

Bluefin sues for £1m over ‘poaching’ court case

Bluefin is suing a former IFA for £1m over allegations that he poached clients and set up a new firm while still under contract. Bluefin, which is the parent company of Layton Blackham Financial Services, has issued a High Court writ against former director Sean Condon, who resigned from Layton Blackham in December 2009. The […]

A guide to automatic re-enrolment

Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]


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