View more on these topics

Inter-Alliance looking for Far East expansion

The Inter-Alliance Group is buying Thailand-based IFA Sterling Asso ciates and its subsidiary, Singapore-registered Sterling Data.

The acquisition costs pay able over the next three years are capped at £3m. Sterling Associates will operate as part of Inter-Alliance International.

Ster ling chief executive Don Smith will continue to head up the new South-east Asian operations which will continue to trade as Sterling Asso ciates but this will be reviewed at a later date.

Operating from a head office in Bangkok and employing 20 advisers, Sterling Associates provides independent financial services to English-speaking expatriates in Thailand, Malaysia and surrounding areas. Inter-Alliance is aiming to increase current revenue from the business from £1m to £3m within the next three years.

The company says new legislation over the licensing of IFAs to market, advise and transact locally by the Singapore authorities is currently being passed.

But once this has been finalised it anticipates this will lead to more opportunities in Singa pore.

This is the third international acquisition made by the Inter-Alliance Group this year. Another is in the pipeline in Japan and further targets for acquisition are being considered in the Middle East.

Inter-Alliance Group chief executive Stuart McGreevy says: “We intend to position the Inter-Alliance Group as the dominant international IFA thro ugh a combination of organic growth and targeted acquisitions.”


C&G releases homebuyers survey

Cheltenham & Gloucester is launching a new homebuyers survey that is specifically designed to be simple to read, following customer criticism of wordy and confusing surveys. The &#39C&G Survey&#39 is an optional extra to the free standard mortgage valuation provided on all C&G mortgage applications. Customers will pay for the survey on a sliding scale, […]

The good, the bad and the mixed…

Aifa director general by Paul Smee“2000 was the year of the consultation paper. In battalions they came, sometimes two at once, thick with draft rules and questions. The good, the bad, the indifferent, and, most of all, the mixed. “The good. Some sensible stuff on risk-based regulation, a relaxation of over-prescriptive training requirements, a decent […]

Banking Codes Review Group team announced

More members of the Banking Codes Review Group, set up following the publication of the Cruickshank Report earlier this year, have been announced. The Group will be headed by DeAnne Julius, a full time independent member of the Monetary Policy Committee, who will be joined by Michelle Childs, Consumers&#39 Association, Adrian Coles, Building Societies Association, […]

Two thirds of Britains don&#39t save says Allied Dunbar

Two thirds of Britains made no effort to save money in the last two years according to research by Allied Dunbar. More worringly still this figures rises to almost 80 per cent for people between the ages of 16 to 24 years old. The research shows Isas have been the most popular form of investment […]

DB transfers – one more factor to consider

Jim Grant – Senior Product Insight & Technical Support Analyst We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process. Advisers are receiving an increasing number of requests from clients looking to transfer their pension from final salary schemes to personal pensions. This is a […]


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