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Genesis adds affiliate status

Genesis has extended its franchise and license proposition to include affiliate status for smaller networks. As an affiliate, a smaller network can continue to manage a network of brokers, whilst receiving regulatory support from Genesis. The scheme is designed to appeal to small networks who do not have the financial resources or compliance to support ARs after M-Day or for networks yet to receive their MTA letters.

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Abbey grows again

Abbey for Intermediaries is offering IFAs and their clients a second issue of the Abbey growth options plan. This is a guaranteed equity bond linked to the performance of the FTSE 100 index for a six-year term. It has two options that investors can choose. Under option one, investors get all the average growth in […]

Out of context

•”Surely you&#39ve been to Borneo – you love headhunting.” – Colleague of Hamptons International Mortgages&#39 Kevin Duffy remarks on his recruitment techniques. •”I&#39m an Indian virgin.” – Marketing support staff member at Bankhall&#39s conference reveals her food preferences. •”No, seriously, we&#39ve got three nominations for Bankhall personality of the year.” – Bankhall chief executive Paul […]

Schroders multi mix

Schroders has teamed up with fund research and ratings agency Standard & Poor&#39s to offer two Ucits III compliant multi-manager funds. The Schroder S&P high alpha fund is an aggressively managed fund which can invest up to 10 per cent in alternative investments such as hedge funds, private equity and property. It aims to outperform […]

Debts are surging past £6m

Debts at David M Aaron (Personal Financial Planners) had risen above £6m by March this year and look set to rise further, says the firm&#39s administrator. In March, administrator KPMG accounted for £5m in debt and a further £1.8m for alleged precipice mis-selling claims but with new claims and new debts rev-ealed, this figure is […]

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