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Berry Birch & Noble buys MMB&#39s personal and corporate pension business

National IFA Berry Birch & Noble is set to acquire the individual financial planning and group pension business of Moores Marr Bradley.

The acquisition for an undisclosed sum, is at the request of MMB.

The move follows the decision for MMB to be wound up, after last month&#39s departure of its chief executive and three directors, as reported in Money Marketing.

Berry Birch & Noble chief executive Derek Berry says: &#34The acquisition of MMB is the ideal way to expand Berry Birch & Noble&#39s market share within the UK and I am confident that both consumers of both companies will benefit from the deal.&#34


Financial Options pushing for a 1.5 per cent annual charge on Stakeholder

Financial Options Group is pushing for the proposed annual charge on Stakeholder pensions to be increased to 1.5 per cent from the present 1 per cent to allow for advice.In its response to the Department of Social Security&#39s Stakeholder Pension paper &#39Minimum standards – The Government&#39s Proposals Consultation Brief No.1.&#34 the network argues the annual […]

HSBC completes rebranding

HSBC completed its rebranding of Midland Bank branches on Sunday with the last of the new signs erected at the St Paul&#39s Churchyard London Branch.HSBC is now the marketing name for Midland Bank and subject to regulatory approval, it is set to become HSBC Bank later this year.The changes follow the company&#39s decision last year […]

Network complaints swamp legal line

A leading financial services lawyer has called on networks to put their house in order following a deluge of calls to a legal helpline for network members.Solicitors #Armstrong Neal set up the service for a week last month to offer legal advice to disgruntled IFAs. It received 214 calls. It found members were dissatisfied with […]

Hewitt makes three appointments to IBRC

Treasury economic secretary Patricia Hewitt has announced the appointment of three Treasury nominees to the Insurance Brokers Registration Council.All three appointments have extensive experience within the financial services industry. They are Ronald Armstrong, Bryan Lincoln and Dr Oonagh McDonald.Armstrong was formerly deputy director general for the Building Societies Association and is currently a non executive […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]


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