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Insurance broker buys IFA firm

Manchester IFA Carpenter Rees Jackson has been bought by insurance broker Community Broking Group for £720,000. CRJ, which advises high-net-worth individuals and corporate clients, had a turn-over of £587,000 in the year to November 2003.

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Nikko is close to selling off Mortgages plc

Mortgages plc is to be sold by majority shareholder Nikko Principal Investments. The sale will involve all Mortgages plc&#39s group companies, including Genesis. Nikko has entered into negotiations with a global financial institution and has granted a period of exclusivity to allow the institution to go through a process of due diligence prior to completing […]

Digest

The Diary would like to thank Intelligent Marketing for its misspelling of the name of the chimp-in-chief of this esteemed organ. A communication addressed to Jim Nappin caused a ripple of amusement across the newsdesk this week. Other misnomers have included mail addressed to MM journos past and present Adrian Cummidge and Corey Bowels. Keep […]

LIA is keeping to its line on commission

The letter from Colin Langton headlined, LIA plan for move to fees would seal fate of IFA sector, attributes incorrect views to the LIA. I am afraid there has been a bit of confusion about reports of our submission to the FSA. The LIA&#39s submission to the FSA can be seen in full on our […]

LIA and Sofa to merge

The IFA industry&#39s two leading trade bodies are merging to form a group of 25,000 advisers. The Life Insurance Association and the Society of Financial Advisers will join together to form a new company. Members will be separately constituted. Click here to take our merger poll

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Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

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