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Legal advice service for £10 a month

Armstrong Neal Solicitors and its training organisation ProAct are

offering a legal service for IFAs for “the price of a takeaway”.

For £10 a month, IFAs can join Legal Protect for guidance in disputes

with networks or a regulator. Armstrong Neal&#39s usual hourly rate is


Its caseload of IFA-based disputes has doubled this year. It says the

majority of cases concern claiming money back from networks, references or

contentious suspensions.

Partner Gareth Fatchett says: “The average IFA needs guidance in a dispute

to solve a problem. As few lawyers undertake financial services law, the

cost of finding someone who understands the issues can be high.”

Trade association Solicitors for Independent Financial Advice managing

director Ian Muirhead says: “I am extremely cautious about what to expect

for £10. I cannot imagine the service being of the same quality as a

normal visit to the solicitor.”


IFAs&#39 mutual friends

Investec Guinness Flight&#39s Asia New Economy Fund is aiming for growth byinvesting in Asian companies involved in technology and the internet.The panel agree that the investment strategy is good. Fairhall says: “Itis a good strategy that combines companies presently benefiting from thenew economy and those with future potential.”Martin says: “It is good to see a […]

Bankhall IFAs to get payouts of up to £40k

Members of support services company Bankhall and its nursery networkInvestment Strategies will receive shares worth between £2,500 and£40,000 following the recent takeover by Lynx.Some 900 IFA firms are in the money after software company Lynx bought outBankhall for £114m.The average share allocation, which excludes firms which recently joinedBankhall, is worth £7,490 from a total pool […]

GPPs have become good value

After attacking poor-value personal pensions for years, the Government hasnow agreed that the subject of its attack can form a suitable basis forexempting employers from offering stakeholder pensions. But this apparentU-turn is, of course, nothing of the sort.There was a general expectation that group personal pensions, whichreflected the product characteristics which the Government has attacked,would […]

Customised loans could pay for dream homes

Homebuyers will take out two loans in the future – one topay for theproperty and oneto turn it into their dream home, according to new researchfrom the CML.The research looks at challenges facing housebuilders. It concludes the UKhas been slow to adapt to the desire of homebuyers for more customisedhomes.Consumers&#39 needs and desires are changing. […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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