View more on these topics

Burns Anderson in network deal

IFA network Burns-Anderson is offering a new service for IFAs who want the benefits of the network but want to stay independently registered.

The service, called Ultraviolet, starts this week. It will allow IFAs to be registered directly with the PIA but keep the benefits of being linked with a major network.

Burns Anderson believes the service is needed because the competitive and highly regulated financial services market is making it increasingly difficult for financial advisers to provide truly independent advice.

It sees the traditional scope of a network and the support it can offer as no longer applicable to financial advisers across the board.

Many advisers want to retain their extra degree of independence and be in control of the standards of their own operations.

The service has been priced on the cost of regulation and the input required from Burns Anderson rather than the turnover of the IFA firm.

There are three pricing levels – sole traders, firms with two to nine advisers and those with over nine advisers.

A number of added-value services are available in addition to the core service package. These include profess- ional indemnity cover, business development support and more extensive training and competency support. These are available on a menu basis so IFAs can tailor the package to their needs.

Ultraviolet will also help IFAs through the admin involved with the PIA registration process.


M&G expands offshore

M&G, the UK&#39s largest unit trust manager, is to expand offshore by launching a new fund range. The M&G Offshore Fund Range makes six of its most popular unit trust funds available offshore as from November 13. M&G director of group product development Bill Vasilieff says: “All six offshore funds act as feeder funds into […]

Goodfellowdrops IFAs on MPPI

The Goodfellow Group has stopped selling mortgage payment protection insurance through IFAs and tied agents to concentrate on direct online selling of MPPI.Goodfellow, which worked with 2,000 tied agents and IFAs to sell MPPI, blames soaring professional indemnity costs for the move.But the group says it will maintain contact with a range of intermediaries to […]

Actuaries want end to early retirement

Actuary groups are calling for a national campaign to end early retirement bec-ause of the strain it is putting on the nation&#39s wealth.The call came at a Faculty and Institute of Actuaries debate in London last week entitled. Living Lon-ger is Bad For The Nat-ion&#39s Wealth.But actuaries sounded an optimistic note about the so-called demographic […]

RSAIFS introduces UK planning pack

Royal & SunAlliance International Financial Services is launching a UK inheritance tax planning pack. The pack has a general guide to inheritance tax including sections on rates, allowances and mitigation techniques. It also contains information about RSAIFS&#39 gift, loan and capital access trusts with an advisers guide. RSAIFS technical services consultant Brendan Harper says: “The […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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