View more on these topics

Burgess wins 120k commission clash

Protection broker Burgesses has won a court battle to get 120,000 in unpaid commission from Belfast insurance broker Campbell Hunter Consultants.

Campbell Hunter Consultants managing director Alan Vance was judged to have failed to pay Burgesses managing director Simon Burgess commission for introducing a 5m a year life insurance policy which was issued to the Royal Ulster Constabulary. He was ordered to pay Burgesses 128,830 to cover outstanding commission and accrued interest as well as the firm’s legal costs which Burgess claims to be in the region of 100,000.

His defence that Burgesses had failed to fulfil its contractual administrative obligations was thrown out by Judge Holt.

This is not the first civil case made brought Vance this year. In May, he was judged to have misappropriated funds at his former employer, Hughes and Co, where he was a director, and ordered to pay 7,792.

However, Vance’s solicitor Richard Murphy, senior partner at Edwards & Co, claims that the county court decree was obtained in error without Vance’s knowledge and he has moved to have the decree withdrawn.

Burgess says: “We need to be vigilant in choosing our business partners.”

Vance says: “I am a law-abiding citizen and I accept the judgment of the court. I am pleased that this thing is over and that neither I nor my company will have any conn- ection with Burgess and his trading entities.”


Tenet firms want seat on board

Major Tenet shareholders Standard Life, Norwich Union, Aegon and Friends Provid- ent are jointly recruiting an independent provider rep-resentative to sit on the network’s board. The four companies have agreed a selection process and say they will announce an appointment within the next two months. Standard bought a 20 per cent stake in Tenet in […]

Practical help

Congratulations to Origen for sensitively responding to the London bombings of July 7 by offering free financial advice services for victims of the attacks, inviting them to gain help following the devastation.

Lenders shunning HomeBuy scheme

Some of the country’s biggest lenders are refusing to take part in the Government’s flagship HomeBuy scheme for affordable housing and there are doubts over whether trials will be ready for April 2006. Abbey believes the volumes likely to be involved do not warrant the cost of developing systems and Alliance & Leicester has decided […]


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