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BBB makes £4.9m loss

Berkeley Berry Birch made an operating loss of £4.9m in the year to March 31 after turning a profit in February and March this year.
BBB&#39s preliminary results show that the group&#39s turnover increased from £53.7m to £66.5m, with its financial advisory, insurance and network divisions all increasing their turnovers. Productivity per adviser also went up &#45 from £78,000 to £84,000 &#45 leaving the company with a £4.9m loss before exceptional items and goodwill amortisation. Last year BBB made a £7.1m loss.


How providers can develop IFA links and stay within law

There are ways that product providers and intermediaries can develop their relationship and stay within the rules. Providers can help intermediaries with finance for developing software or computer facilities, provided that it results in equivalent cost savings for the provider or for consumers. Some providers have exp-ressed concerns over the clarity of these rules, saying […]

SG Asset Management – SG Sterling Bond Fund

Type: Oeic Aim: Income by investing in UK government bonds and other sterling-denominated fixed-interest securities Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in government bonds and other sterling-denominated fixed-interest securities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 0.75% Commission: Initial 3%, renewal 0.25% Tel: 0808 1007426

Can Standard live by brand alone?

My role as Readers&#39 Editor includes taking an alternative view on current issues through the eyes of an IFA. Recently, the opportunity arose to allow me to interview Standard Life chief executive Sandy Crombie. I focused on the concerns of clients and Standard&#39s view of the market now and after depolarisation. When I worked for […]

Right on cue

Congratulations to the Lighthouse Group for raising £3,763 for Shelter at its annual conference and gala dinner. The money was raised by raffling and auctioning sporting delights such as tickets to Premiership football matches and golfing days. The lucky IFA who acquired Ronnie O&#39Sullivan&#39s signed snooker cue can indulge in the fantasy of being a […]

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


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