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Five-year float plan for Interlink

Interlink Premier Network is inviting members to participate in its flotation plans by making a minimum £5,000 investment.

Interlink has sent a letter to its 188-RI membership and will push ahead with plans for a listing if there is enough interest. Chairman Jim Gaskin, who previously chaired Countrywide, will hold a meeting this month to outline a five-year plan to float the firm.

But a number of Interlink IFAs say they had problems receiving commission in December which will make them less likely to opt to join an equity scheme. Interlink says although its has experienced problems with its back-office systems, all firms have now received commission.

Managing director Ian Tomkinson says: “We have been looking at this for a number of months and are looking at where we would like to be in five years. We want members to feel the upside from any flotation plans. This deal will only be open to members. Nothing is set in stone yet but this will all be open to discussion.”


Accounting for change

I cannot believe reports in the papers about what is happening with pensions. As a nonregulated accountancy firm, is there anything we should be doing for ourselves but, more important, is there anything we should be doing for our clients? Chancellor Gordon Brown is not prepared to discuss the £1.4m lifetime limit. He has asked […]

HNWs seek alternative investments

The high-net-worth market has changed significantly over the last three years, with a switch to alternative investments, says Market Dynamics Research & Consulting. The firm says the HNW sector is set to rise by 6.5 per cent this year but is unlikely to return to double-digit growth in the short term. Its research shows that […]

Standard Life chief executive Lumsden steps down

Standard Life group chief executive Iain Lumsden is being replaced by Standard Life Investments chief executive Sandy Crombie with mmediate effect. Lumsden&#39s retirement, after 36 years with the life office, comes as Standard has announced it is reviewing its mutual status. Chairman Sir Brian Stewart says: “The Board accepted Iain&#39s view that he would not […]

Close Brothers Investment – Close High Income Properties

Type: Closed-ended fund Aim: Income by investing in UK commercial property Minimum investment: Lump sum £5,000, Isa £7,000 Place of registration: Isle of Man Investment split: 100% UK commercial property Yield: 7.25% Isa link: Yes Charges: Initial 5.25%, annual up to 2% Options: Available through self-invested personal pensions and small self-administered schemes Commission: Initial 3% […]

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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