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Ex-Bankhall duo set up Alliance with threesixty

Former Bankhall pair Mike Buckley and Gordon Covell’s new mortgage support ser-vices company Active Lending Solutions has signed an alliance with Bankhall rival three-sixty, with the aim of taking on Bankhall’s Premier Mortgage Service.

Active will provide three-sixty’s members with access to its mortgage club, lending and packaging while the IFA support services firm will provide ALS members with compliance consultancy.

The business is also reorganising, with The Active Management Group becoming parent company of Active Lending Solutions.

Active Lending Services is the amalgamation of mortgage club Network Mortgage Limited, bought on January 4, Active Partnerships, which includes a packaging arm, and the firm’s overseas and commercial business. It will also provide loans funded by Scottish Widows.

AMG chief executive Buckley says the tie-up brings ALS’s membership up to 2,250 advisers and further deals are expected.

Buckley and Covell left Bankhall last year and bought mortgage specialist Bankhall Client Services and packaging subsidiary Independent Mortgages Direct, which are now part of ALS.

The pair were under embargo not to do anything that would conflict with their former employer but the embargo ended in June.

Buckley says: “We have a lot more initiatives that we are working on and there will be more growth. Because our proposition is rounded with lending, packaging and a mortgage club, we believe we are attractive to brokers.

“John Malone at PMS has built a very successful business and he has done it by playing the numbers game. Our strategy is not to build it in the same way but we want to build it to be more substantial and that is about providing quality of service.”


Axa and Winterthur to merge group pension business but keep individual separate

Axa and Winterthur will continue to run their individual personal pension and investment businesses in parallel with separate brands but the providers’ group pension businesses are to merge.Winterthur chief executive Mike Kellard will continue in his role and report to Axa Life chief executive Paul Evans.The announcement is part of an on-going review of business […]

Change brings boost

The Association of Investment Trust Companies has unveiled its new logo ahead of its rebrand as the Association of Investment Companies on October 1. Since the more inclusive name for the trade body was announced five months ago, its membership has diversified significantly, with 70 venture capital trusts, four UK investment companies and five offshore […]

Reits of passage

Campaign chairman Patrick Sumner is spreading the word on Reits and is confident IFAs will take up the products


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


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