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FSA go-ahead for Millfield / Inter-Alliance merger

The FSA has granted approval for the merger of Inter-Alliance Group with Millfield. Both companies announced to the stock exchange on October 1 that the merger had been granted and that the Millfield offer was “wholly unconditional”. Trading in Inter-Alliance&#39s shares has ceased and the firm&#39s interim results for the six months ending June 30, 2004 will not now be listed.


Firms working full pelt as big day approaches

“With many mortgage intermediaries not authorised by &#39M-Day, they may be seeking a route to market, for example, using a “friend&#39s” authorisation number for an int-erim period. The FSA is aware of such practice and is warning both authorised and unauthorised that this is an illegal act resulting in both parties being unable to trade […]

Rejecting merger will send out wrong message

I have been surprised and somewhat saddened by the level of misinformation circulating about the LIA/Sofa merger. I cannot see how disingenuous comments about the LIA board help in the debate about a new professional association. I am a past president of the LIA and have always been in complete support of a merger between […]

Thinc buys up IFA Fenton

Multi-channel distributor Thinc Group has acquired IFA firm Fenton Financial Services as part of its expansion programme. Fenton was established in 1980 and last year it rep-orted turnover of £1.3m. The firm specialises in the corporate marketplace and group personal pensions. Thinc signed up its first multi-tie agreement with Friends Provident in September. Thinc chief […]


Standard Life suspends its mortgage endowment promise

Standard Life has decided to suspend its mortgage endowment promise due to poor investment conditions over the past four years. The promise required Standard Life’ capital to increase from levels in 2000, measured by reference to its free assets at the time the promise was made. It now does not expect the necessary growth to […]


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