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FundsNetwork aims to double sales team in 2006

FundsNetwork is hoping to double its sales team from six to twelve in 2006 to meet increased service demand from IFAs.

The platform says sales have grown 43 per cent in 2005 with over 7500 advisers and 300,000 clients now signed up. Research last year showed that over 83 per cent of advisers are now using platforms and 11 per cent more intended to do so.

Next year FundsNetwork plans to launch an offshore investment bond and cash product, and will also be making further changes to its portfolio planner tool. The platform now has 5.6bn of UK assets under custody.



John Moon Managing director, Edison Ford IFAs

Sipps could boost local communities

Community Sipps could prevent rural inhabitants from being priced out of their local property market when pension investors start snapping up second homes after A-Day. JB Financial Partner John Bradley says a form of community Sipp could be set up to buy local housing to keep it out of the clutches of second-home hunters. But […]

Sipps set to usurp equity release

Sipps will end up in direct competition with equity release after A-Day and could be a more efficient vehicle to unlock the value of property. By using a Sipp in conjunction with a discounted gift trust, a parent could pass a property on to their child while at the same time releasing equ-ity, minimising IHT […]


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