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Large AR firm quits Openwork over costs

Blueprint, one of Openwork’s largest ARs, is quitting the network after the firms failed to agree an ongoing cost structure.

Blueprint has around 85 advisers, making it one of Openwork’s biggest firms.

Openwork proposition and marketing director Philip Martin says: “It has become clear from numerous contract negotiations with Blueprint that our relationship has resulted in volume, but not profit for Openwork and the time is right for us to go our separate ways.”

“Such decisions are crucial to Openwork in its drive to profit, deliver shareholder value and realise its exit strategy. We wish Blueprint founder Andy Thompson and his team at Blueprint well for the future.”



Govt appeal over feed-in-tariffs fails

The Government has failed in its bid to get permission to appeal to the Supreme Court over a High Court ruling which deemed its decision to lower solar feed-in-tariffs was illegal. In November, the Government announced it was bringing forward the date for its reduction in feed-in tariffs to December 12, 2011,  rather than in […]

Budget 12: £2m houses face 7 per cent stamp duty

Homes worth more than £2m will face a new stamp duty rate of 7 per cent after a compromise between the Coalition parties to deliver a quicker rise of the personal allowance to £10,000. Currently stamp duty kicks in at £125,000 and is charged at 1 per cent, rising to 5 per cent on properties […]

Barings: Advisers double-dip fears abated

Investment professionals are becoming increasingly optimistic about the economic outlook as concerns over a double dip recession begin to fade, says Barings. Whereas 28 per cent of investment professionals cited the risk of a double dip recession as a major global macroeconomic challenge towards the end of 2011, this proportion has fallen to 10 per […]

Portillion pulls out of bid for banking licence

Would-be lender Portillion has withdrawn its application to the FSA for a banking licence. Portillion made its application to become a mortgage lender in May 2011. A Portillion spokeswoman says: “Portillion’s board confirms that the application to the FSA for a banking licence has been withdrawn. “Difficult market conditions continue, however it is the board’s […]


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There is one comment at the moment, we would love to hear your opinion too.

  1. Or maybe the owner was just selling up….

    Intrinsic has acquired the firm?

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