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Biggest Irish loan broker is building in UK with IFA buys

Ireland&#39s biggest mortgage broker IFG is quietly emerging as a major player in the UK market, buying up small IFAs and adding them to its national UK IFA arm – IFG Life & Pensions.

Its most recent acquisition is London-based IFA Saunderson House for £7m. The deal saw Saun-derson House chairman David Saunderson bro-ught in as chief executive of IFG Life & Pensions, with the brief of growing the organisation in the UK through a fee-based structure.

IFG now has over 80 registered individuals and more than a dozen offices nationwide, as well as the Isa Shop, pension drawdown specialist Berkeley Jacobs and Manchester-based consulting actuaries Santhouse Whittington Financial Services.

It aims to grow the business further by recruiting graduate trainees and says it will look to develop an identity for financial advice along the lines of solicitors&#39 or accountants&#39 practices through charging hourly fees.

IFG Group chief executive Richard Hayes says: “We are looking to grow the business in the UK through a fee-based proposition giving service to clients.

“As a group, we have grown by 30 per cent over the last nine years. The appointment of David Saunderson will bring a strong organic growth element to the business.”

Informed Choice managing director Nick Bam-ford says: “They obviously have a great deal of confidence in the IFA sector. This trend of consolidation is a clear indication of the way that companies with financial muscle want to get into the IFA marketplace.”


TrustNet wins IFA white-label deals

IFA Allenbridge Group and Bankhall&#39s IFAengine portal have signed a deal to white-label TrustNet&#39s online information tools, incorporating them into their consumer websites.The deals mark the first stage of TrustNet&#39s strategy of expanding its presence in the IFA market through white-labelling its web-based portfolio tools across the IFA market.Customers of Allenbridge Group and Bankhall members […]

Don&#39t rush out of equities, says Dresdner fund manager

Private investors looking for income should be considering equities rather than bonds, according to Dresdner RCM UK Equity Income Trust fund manager Nigel Lanning.Lanning argues that private investors should not follow some pension funds in switching out of equities, as pension funds have to do so for specific actuarial reasons.Lanning says: “For longer term investors, […]

PPP Healthcare chief exec to resign

PPP Healthcare has announced its chief executive Mark Adams is leaving the company as of the end of November.Adams, who has been at the helm of PPP for three years and with the provider for seven, is leaving for a job outside the healthcare sector.Axa UK group chief executive Dennis Holt says: “Mark has done […]

Public prefer IFA advice to internet and the press

Consumers would prefer to seek advice from an IFA rather than search for products on the internet or in the press although banks remain the most favoured route, says a survey by Sun Bank.When looking at where to put their savings, independent financial advice was the second most popular way of finding a suitable product. […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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