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Inter-Alliance to go 90 per cent AFA

Inter-Alliance has indicated 90 per cent of its IFAs will become authorised financial advisers if CP121 is adopted as drawn. The national IFA said it would structure itself in a way that suited its advisers, and indicated only 10 per cent would remain IFAs working under defined payment agreements post-polarisation.

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Lighthouse in spat with broker

Lighthouse Group clashed with broker Seymour Pierce after it gave the Aim-listed IFA a sell rating saying it was spending 23 per cent of £2.2m raised cash to pay for the fundraising itself. Lighthouse pointed out the figure also included the costs of its reverse take-over of Berkeley Wodehouse Associates and Seymour Pierce corrected its […]

Noble EIS goes for a pint

Noble & Company is aiming to raise £8.8m through a second share issue for the capital pub company enterprise investment scheme (EIS).This EIS will use the money raised to broaden its existing portfolio of five pubs. It will buy 15 more pubs within the M25 area and will also make improvements to the pubs it […]

Baring appoints energy analyst

Baring Asset Management is appointing Peter Lynch as energy and utility analyst in the UK and European investment team. He will also work in the global sector team for resources and utilities.Lynch joins Barings from Merrill Lynch where he was a member of their oil and gas equity research team. He was previously a petroleum […]

Coffey returns to RLAM

Jane Coffey has returned to Royal London Asset Management as a senior fund manager. She has been given an open remit and will work on the retail team. Coffey left RLAM in 1996 after a five-year stint on the European desk, since when she has been at St Paul Investment Services, Morley Fund Management and […]

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