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Home of Choice offered SJP’s mortgage advisers

St. James’s Place is offloading its mortgage-only appointed representatives and has offered them to Home of Choice.

A total of 99 ARs have been told they will have to leave SJP, with HoC choice having first refusal, although they will be free to choose any network they want.

SJP chief executive Mark Lund confirms that it is not closing itself to mortgage business and will take on IFAs that offer mortgages as part of a wider package, but he admits that SJP is not the best home for pure mortgage brokers.

He adds: “St. James’s Place continues to be the natural home for advisers concentrating on providing face to face comprehensive wealth management advice. We are pleased that we have been able to offer the partners who specialise in the mortgage market an excellent home with HoC.”


Personal Accounts given an upgrade

The Government’s technical paper on Personal Accounts has been upgraded to a White Paper to allow for extra consultation on areas such as advice, pensions minister James Purnell has announced. Speaking at the Money Marketing/Cicero Consulting pensions summit in London last week, Purnell said a technical paper was not sufficient to take into account the […]

GE Life sold to Swiss Re

Swiss Re has bought GE Life for £465m, following months of speculation surrounding the future of the life office and equity release specialist.GE Life will continue to write new business through financial advisers, under a new brand name to be announced in 2007. Swiss Re will acquire around 400,000 policies with total assets of approximately […]

Goddard says don’t close door to independent advice

Independent financial advice cannot be completely exclu-ded from Personal Accounts and there must be a facility for individuals to access such advice if they feel they need it. That was the message at the summit from Aifa deputy director general Fay Goddard, who acknowledged many people entering the scheme would not need or want advice. […]

Thomas alters the ecology of Jupiter fund

Jupiter ecology fund manager Charlie Thomas has reshaped the fund since he took over three years ago to reduce its reliance on its top 10 holdings. In September 2003, the top 10 holdings made up half of the fund but Thomas has slashed this proportion to 28 per cent. He has also reduced the 92-stock […]

Inheritance Tax, a tax on the wealthy? Urban myth or fact?

By Kim Jarvis, Technical Manager with Canada Life’s ican Technical Services Team. Inheritance tax has been around in some form since 1796. Estate duty dates back to 1894 and over the years this tax has evolved into the inheritance tax (IHT) we know and love today, which was introduced in 1986 as a replacement for […]


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