View more on these topics

Ashley Law starting share option scheme for partners

National IFA franchise Ashley Law is setting up a share option scheme to allow members to participate in its growth.

The shares – to be offered in Ashley Law parent Ashley Law Management Services – will be offered to any of the firm’s 85 franchise partners who achieve 60,000 annual turnover with a decent persistency rate.

ALMS is 50 per cent owned by directors Jock Cassidy and Martin O’Kelly. Of the remaining 50 per cent, half will be allocated to franchise partners and the final 25 per cent will be available to outside investors.

Ashley Law has a total of 120 registered individuals across all franchise businesses. Managing director Jock Cassidy says it has no plans to establish a multi-tie, seek provider investment or engage in merger or consolidation.

It says the share option scheme will allow low-cost growth while rewarding long-standing partners and offering incentives for new ones.

Cassidy says: “We have no plans to change our model although we will always keep an open mind. There is no need at the moment to engage in merger or consolidation. We are busy investing in internal business development.”


BM Solutions launches limited edition BTL tracker

BM Solutions is launching a limited edition buy to let lifetime tracker. The BTL special has a rate of 4.89 per cent and has a 1.5 per cent arrangement fee with three years of early repayment charges. The product has a rental calculation of 125% per cent of BBR + 0.39 per cent.All BM Solutions […]

Pru fails to get place on panel it helped build

Prudential has failed to win a place on Burns-Anderson’s multi-tie panel despite working on its initial development and announcing in January that it had already signed up. The five successful providers for the panel are Axa, Friends Provident, Legal & General, Scottish Equitable and Standard Life. Prudential was a strategic partner in designing B-A’s multi-tie […]

Bear Stearns receives 40,000 FSA fine

The FSA is fining Bear Stearns International 40,000 for failing to report contracts for differences transactions. During a review of trading, the FSA discovered that BSIL had inadvertently failed to report any of its CFD transactions to the FSA since August 2001, which is when the firm began to undertake CFD business. The FSA says: […]

IN Partnership setting sights on doubling staff by 2008

IN Partnership celebrates its fifth anniversary this year and says it will double in size by 2008. Group chief executive Kevin McDonagh, group chairman Stanley Lovell and group commercial and legal director Julian Cole set up the Horsham-based network on July 1, 2000 under the Inland Revenue Enterprise Incentive Scheme. The network has its own […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm