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Cater Barnard looks to buy IFA firms

Aim-listed financial services company Cater Barnard is in acquisition talks with three IFA firms as the first stage of its plans for expansion into the sector.

Cater Barnard, which agreed terms in March for the purchase of Confida Mortgages, says it has £20m to spend on buying 10 IFA firms in the next 12 months. It is targeting firms with a turnover of between £1m-£3m.

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Manchester Building Society – Gold Bond

Friday, May 17, 2002 Type: High interest account Minimum-maximum investment: £2,500-£150,000 Interest rate: 5.15% gross a year Term: Until June 30, 2004 Offer period: Until further notice Withdrawal penalties: One penalty free withdrawal up to 10% of the balance allowed a year, thereafter 30 days&#39 loss of interest on amount withdrawn Tel: 08709 900810

Julian Gibbs

I rarely recommend an enterprise investment scheme as they are usually aimed at investors who want to gamble. However, an exception is Tomahawk Pubs plc, which will be an asset-backed, dividend-paying EIS. Tomahawk intends to purchase, operate and develop a portfolio of strategically located pubs within the M25.The pubs will appeal to local residents and […]

Friends Ivory & Sime announces new executive team

Royal & Sun Alliance Investments has secured two of the top spots in executive management team following its acquisition by Friends Ivory & SimeHoward Carter is to stay as chief executive of FIS. RSA managing director of investment management Robert Talbut becomes chief investment officer of the enlarged group and RSA managing director, retail Nick […]

Annuity bill finally runs out as time after three victories

The Private Member&#39s Bill looking to reform the annuity regime has had its last airing, as the House of Commons ran out of time before the bill had its second reading last week.The Annuity Reform Bill, which was sponsored by Conservative MP David Curry, has been a thorn in the side of the Government since […]

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