View more on these topics

IFA firm opens new office in Glasgow

Telford-based IFA Start Independent is opening a branch in Glasgow, with 18

RIs set to join its sixth regional office when it opens on February 1.

Start Independent is part the Lifeboat Group, which also includes IFA

network A La Carte.

Start Independent, which has 70 RIs, aims to recruit 600 more advisers

before parent Lifeboat&#39s proposed flotation in 2005. The group hopes to

sell two 9.9 per cent stakes to product providers in the second quarter of

the year.

The Glasgow office can accommodate 25 in-house IFAs plus a further 80

working from home. The firm says it aims to boost the number of RIs in

Start Independent to 100 by the end of February.

Lifeboat Financial Group chief executive David Kitchen says: “Glasgow is a

thriving business centre and we believe the potential there is massive.

There is also a big demand for a quality IFA outfit in Glasgow and we have

taken on board the strength of feeling and decided to expand our IFA

operation North of the border.”


Improved mortality puts new pressure on annuities

Annuity rates and life office solvency are set to face fresh pressuresfollowing research from the Continuous Mortality Investigation Bureaushowing that mortality has improved significantly faster than anticipated.The Bureau, set up by the Faculty and Institute of Actuaries, has issued aworking paper sharing with the industry its new figures and employing novelmathematical techniques known as cohort […]

L&G rolls out equity release product to all IFAs

Legal & General is now marketing its equity release mortgage to all IFAs, as the lender sees the product as a growth market for 2003.The product, that had formerly only been marketed to a limited number of IFAs, has a fixed interest rate of 7.3 per cent for the life of the mortgage.L&G director of […]

Papering over cracks

“The Government is announcing a radical overhaul of pension policy.Ministers acknowledge that the current system is too complex for people tounderstand and has lost legitimacy. Individuals no longer trust financialproviders, feel let down by employers and have lost faith in the state.“Pensioner poverty has not declined under this Government. We recognisethat it is time to […]

Fidelity sets up series of workshops

Fidelity is hosting its 2003 series of IFA workshops across the UK from January 21 to January 28.Beginning in Norwich, the workshops will take in Northampton, Gatwick, Birmingham, Swindon, Bristol, Manchester, Bolton and Leeds before ending in Belfast. They will cover areas including the sectors which Fidelity believes will be dominant in 2003, the likelihood […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm