View more on these topics

Integrity rescues HIP provider First Sellers Pack from administration

Integrity has rescued home information pack provider First Sellers Pack from administration.

The new company will be called Integrity FSP and has seen forty jobs at FSP secured.

As part of the rescue package, Integrity chief operating officer Nick Twyman will become the chief executive officer of Integrity FSP.

Integrity CEO Iain Stamp says: “This private equity deal represents great business for Integrity. It demonstrates not only the size of our company and its resources, but also Integrity’s desire to seek out opportunities to further grow its capital to enable it to continue to deliver the best services and solutions to its core markets and attractive returns to clients and stakeholders.

Stamp adds: “First Sellers Pack represents a great investment as it has a unique competitive advantage in the provision of HIPs to the property market. The deal also allows Integrity to diversify income streams and represents a good strategic fit as both firms are leading edge in their respective markets.”

FSP administrator BDO Stoy Hayward business restructuring partner Andy Beckingham says: “We are delighted to have been able to secure forty jobs at FSP through this going concern sale to Integrity. We would like to thank the staff for all their help during this difficult period. This deal secures the future of FSP and we wish all parties well.”


Openwork pledges £150k for charity

Openwork is launching a three-year partnership with Winston’s Wish, the charity which helps bereaved children, through its community programme, the Openwork Foundation.The adviser network will provide £150,000 of funding over that period, with the money raised by its executives, advisers and employees.The charity, which is in its 15th year, says an extra 75 children will […]

Insurers’ flood costs set to reach £2.5bn insurers

Aviva and Zurich look set to be the insurers worst hit by this summer’s floods.After a torrent of claims, Aviva says it is expecting flood claims to cost £340m, split £175m for the June floods and £165m for July.Zurich estimates the June floods cost it £200m and it has not yet issued a forecast for […]

Variable mortgages uptake sees 50 per cent increase says Spicerhaart

The percentage of borrowers opting for variable mortgages has increased by 50 per cent in July, according to the Spicerhaart Financial Services monthly mortgage survey.Despite the base rate rising for the fifth time in a year to 5.75 per cent in July, the percentage of borrowers opting for variable mortgages increased by 50 per cent, […]

Woodford fund tops white list

Neil Woodford’s Invesco Perpetual high-income fund tops Principal’s latest equity income fund manager survey.The fund heads Principal’s white list followed by Artemis income and F&C stewardship income. Woodford’s equity income fund came fourth and Principal praises the man-ager’s “stunning track record”.The report notes that both Woodford and Artemis income manager Adrian Frost have benefited from […]


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