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IN Partnership rules itself out of merger with Burns-Anderson

IN Partnership has ruled itself out of bidding for Burns-Anderson, saying it does not want to dilute its controlling shareholders’ positions.

The two businesses have been in discussions about a possible deal and IN Partnership admits it has also held talks with other firms but has decided against a merger.

Group executive chairman Stanley Lovell says: “At present, we are maintaining our independence and have no need to merge with anyone as we are very profitable and unlikely to enter into any transaction with anyone that dilutes the position of the controlling shareholders, which a merger would do.

“It is true that we have had talks with them on a range of issues and the future shape of the industry but that is also true in respect of other networks with whom we have had discussions over the last two years.”

Lovell says the network is growing organically in terms of profits and number of ARs.

It paid out its first dividend this year, which he says “speaks loud and clear as to our financial strength, a crucial factor when recruiting quality firms”.

IT manager David Burns has been promoted to associate director and head of IT for the On-Line Partnership Group, focusing on providing online management information for its strategic partners.


Flight says FSA trying to squeeze out IFAs

The FSA’s retail distribution review risks causing severe consumer detriment by trying to squeeze mid-market IFAs out of the equation, says former Tory Shadow minister Howard Flight.The ex-Shadow Treasury Chief Secretary says mid-market advisers have been the “stable backbone” of financial services over the last 20 years. He says it appears from the RDR that […]

20 firms now signed to Nucleus

Nucleus Financial Group has signed up another seven IFA firms to its adviser-owned wrap platform, bringing the number of firms with stakes in the business to 20.Since launching in December 2006 with seven founding firms, Nucleus has recently signed up the following seven companies – Trinity Financial Planning, Marshall Wooldridge, FA Watts Investment Managers, Planned […]

Sub script

It looks as though we cannot entirely escape America’s sub-prime woes after all as the ripple effect works its way across the Atlantic. After months of sub-prime troubles in the US, the contagion is now affecting the UK, first, via jitters in the stockmarket and now through sub-prime lenders refusing to provide funding to new […]

Model behaviour

Rutherford Wilkinson was an early adopter of the wrap concept as we felt there were a number of attractions but the main question was – which wrap?Ultimately, we opted for Transact as it allowed for explicit charging of our fees, their fees and fund management costs. We felt the transparency of this was to the […]

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


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