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Bankhall targeting ex-Portfolio members

Support services company Bankhall is looking to recruit 400 former IFA Portfolio firms in a move which would see it swell to 4,800 RIs and rival Misys for dominance of the market.

The firms are being chased by subsidiary Portfolio Member Services, the former IFA Portfolio, whose link-up with Bankhall has added 1,000 firms and taken the total number of RIs to over 4,000.

The 400 firms are members of IFA Portfolio which have yet to sign on the dotted line. PMS is targeting them via an ongoing mailshot programme and a series of nationwide roadshows in October.

Bankhall head of operations Tony Murrell says: “Some 4,500 firms are directly regulated by the PIA. Although our market share is substantial, we would be delighted to talk to the 3,000-odd firms which are not on our books.”

l Booming Bankhall, p19


Chase Fleming Asset Management – European Convergence Fund

Friday, 29th September 2000.Type: SICAV.Aim: Long term growth by investing in countries about to join the European Union.Minimum investment: $10,000.Place of registration: Luxemburg.Investment split: Poland 53.8 per cent, Hungary 25.3 per cent, Czech Republic 18.9 per cent, Estonia 2 per cent.Yield: Nil.Charges: Initial 5 per cent, annual 1.5 per cent.Commission: Initial 3 per cent.Tel: 0800 […]

Friendly fire

Eagle Star – Eagle Star Series IV Personal PensionType: Stakeholder-compatible personal pension plan with unit-linked and with-profits funds.Minimum premium: Annual £750, monthly £75, single £5,000.Minimum-maximum ages: 18-75.Fund links: Threadneedle funds – secure, managed, property, managed income, cautious managed, long dated gilts, UK corporate bond, UK money securities, UK preference & fixed income, sterling bond, balanced […]

IFAs forced to review how they solicit business

Do any of you attract business from solicitors as introducers? If the answer is yes or, even if you are thinking of trying to establish a solicitor connection, read on.Changes are proposed which mean that any arrangement for remuneration between an IFA and solicitor will almost certainly need to be reviewed.The Financial Services and Markets […]

Sun shines on flexi time

Sun Bank has hit the headlines by sending up a rallying cry to the Council of Mortgage Lenders asking it to take a look at so-called flexible mortgages.The mortgage lender may be relatively small but it is shouting louder than most when it comes to setting standards for products. It claims to be taking IFAs […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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