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BBB relaunches DA channel

Berkeley Berry Birch is relaunching its directly authorised channel as Berkeley Direct, offering IFA firms a core service with a 2.5 per cent charge.

BBB is also re-engineering its traditional network and rebranding it Berkeley Network.

Berkeley Direct, formerly known as Berkeley Support Services, says it will offer market leading PI rates as well as bolt-on services on a pay-as-you-go basis.

Berkeley Network, which replaces Berkeley Independent Advisers, offers a pricing matrix tailored to a firm’s risk profile and requirement for services. Each firm is benchmarked against risk criteria, determined by the level of support services required to ensure compliance. Firms which operate effectively within the regulatory framework will pay much less than those who require additional resources. Berkeley Network claims this will result in the removal of cross-subsidy issues where efficient IFAs subsidise less efficient ones.

Berkeley Network sales and development director John Hayden says: “Both packages are extremely competitive and these developments demonstrate our commitment to the traditional network and a direct proposition.”


Chelsea Gives Isa Recommendations

Chelsea Financial Services is recommending six investment portfolios for the Isa season, to suit different risk profiles. For cautious investors it is suggesting the Invesco Perpertual distribution fund, and the New Star managed distribution fund. In the core area, it recommends the Rathbone income and Merrill Lynch UK dynamic funds. For adventurous investors, it suggests […]

Platform reduces rates across self-cert range

Platform is launching a range of self-certification base rate trackers and fixed rates, removing the rate increases that were introduced in the summer.For example, the two year tracker is at BBR +0.89 per cent (5.55 per cent) to 85 per cent LTV with no ERC overhang with 500 cashback. The three and five year trackers […]

Shooting from the hip

Threadneedle’s schadenfreude in a recent global healthcare outlook report is a touch too much for the Diary. It seems the pros-pect of all our elder relatives’ hip replace-ments is seeing the firm rubbing its hands. The effect of the obesity epidemic on demand for synthetic hips and knees may be good business but the Diary […]


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