View more on these topics

BBN moves into equity release

Berkeley Berry Birch subsidiary Berry Birch & Noble is setting up a specialist equity-release division.

It has recruited seven advisers and wants at least one equity-release specialist in each of its 13 UK offices by the end of this year. Heading the operation will be manager Brian Thornley, who previously worked in the field of equity release at Stalwart and then at GE Life after it took over the equity-release specialist insurer.

BBN will advise on the entire range of schemes approved by Safe Income Home Plans. It says equity release is suitable for high-net-worth individuals who want to release capital for projects such as buying a holiday home or paying school fees for grandchildren, as well as those who might otherwise be forced to move into a smaller property for the last years of their lives.

Formed by the merger of Berkeley Independent Associates and Berry Birch & Noble in January 2002, the Aim-listed firm has annual turnover of around £65m, more than 800 fully regulated advisers and over 100,000 customers.

Thornley says: “The increasing confusion, bordering on distrust, surrounding the equity-release market means it is essential that consumers have access to fully trained and independent specialists.

“Realising a small amount of equity in property can make the difference between people remaining in their home or being forced to spend the rest of their lives unhappily elsewhere.

“But receiving the expert advice on how to do this is paramount. Our specialist advisers can help guide clients through to reaching the correct solution, whatever their individual circumstances.”


Scottish Life International – Safe Combination Bond

Type: Capital-protected offshore bond Aim: Growth by investing in Scottish Life International&#39s Protected UK Index 100 and Protected UK Index 95 funds Minimum investment: Lump sum £15,000 Term: None Investment split: 100% linked to the performance of Scottish Life International&#39s Protected UK Index 100 and Protected UK Index 95 funds Return: Depends on quarterly growth […]

Out of context

•”I have to save the world, I&#39m Penrose, McFall and King Arthur all rolled into one.” – Alan Steel Asset Management director Alan Steel. •”If I was any better at writing, I&#39d be a journalist.” – Chelsea Financial Services managing director Darius McDermott on filing a column in record time. •”I&#39m very good at saying […]

FSA checks up on loan applications

The FSA is requiring many mortgage brokers applying for direct authorisation to prove they have the senior management controls or T&C they have claimed on their applications six months before regulation starts. AMI director Chris Cummings says he has had a significant number of calls from members which have been approached. He says this has […]

Aifa brands Skills Council vague and inadequate

Norwich Union says Legal & General has a better risk capital margin ratio for its with-profits fund because it uses different assumptions and does not mean that its fund is stronger. NU says L&G&#39s risk capital margin coverage ratio – a measure of how well a life office can deal with sudden falls in the […]


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