View more on these topics

Brewin Dolphin closes three regional offices


Brewin Dolphin has closed three of its regional offices and has refused to rule out making redundancies.

The three offices that have closed – Inverness, Hereford and Teeside – will be merged into Aberdeen, Cheltenham and Newcastle respectively.

Though the firm anticipates no further closures in terms of its regional network, the firm admits it is “too early to say” regarding redundancies. It is putting in place a process to offer redployment elsewhere in the business.  

Brewin Dolphin head of corporate affairs Charlotte Black says: “While we recognise this is sad news for Inverness, Hereford and Teesside, we are continually reviewing how we conduct business to ensure our clients receive the best possible service.

“We are confident all our clients will be very well served from other larger offices in the group and that we will continue to grow our important and highly valued business in all these areas.”

Evolve Financial Planning director Jason Witcombe says he understands the logic behind Brewin’s decision but says Brewin may lose some clients as a result. 

Witcombe says: “At the end of the day, every business has to remain profitable or it will not be able to service its clients at all. It is important this change is communicated effectively.”

Brewin Dolphin announced earlier this month it had hired John Beale as regional training and competency manager. Beale, former training and competency manager at Pi Financial, will join Brewing Dolphin in December.



Axa Wealth launches flexible drawdown offering

AXA Wealth has introduced flexible drawdown to the Retirement Wealth Account, its main Sipp account, more than two years after the Government introduced the new regime. Flexible drawdown has been available as an option to savers with more than £20,000 in secure retirement income since 6 April 2011. Savers who use flexible drawdown are able […]


Fund manager bid for RBS rejected, say reports

RBS has rejected a  bid from a consortium of fund managers for 315 of its branches with a final decision on the sale of the bank’s ‘project rainbow’ assets possible this week, according to The Telegraph.  The report refers to two sources which say the bank is now considering two remaining bids for the business. […]


Boost for drawdown savers as GAD hits 3.25%

Savers in drawdown have received a boost after the GAD rate, which is used to calculate the maximum income a person in drawdown can take, increased from 3 per cent for September to 3.25 per cent for October. According to LV=, the rise in the GAD rate means a 65 year in income drawdown with a £100,000 […]


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