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LIA votes yes to merger with Sofa

The LIA&#39s extraordinary general meeting today on the proposed merger with Sofa came back with a resounding yes vote.

Two thousand six hundred and sixty four votes (87 per cent) were in favour of the merger with just 414 against.

Three thousand and seventy eight votes were cast.

Sofa&#39s EGM is on Friday.


Ashley Law withdraws ads in row over franchise terms

Ashley Law has withdrawn two ads after a complaint from an IFA over the status of membership was upheld by the Advertising Standards Authority. Ned Naylor, of IFA Ned Naylor & Co, objected to ads from Ashley Law which promised “guaranteed client ownership” for IFAs. Naylor says client ownership at Ashley Law is not guaranteed […]

Halifax identifies long-term cooling of house market

House price inflation is slowing, according to Halifax, which recorded a rise of just 1.4 per cent in September. This was an increase on the 0.5 per cent fall in prices in August. However, Halifax says the increase in the last three months was just 2.7 per cent, less than half the 6.1 per cent […]

Regulation reminders

I was delighted that the ombudsman was misquoted as saying it expected 20,000 mortgage complaints in the year ahead. I understand the Mortgage Code Arbitration Scheme received 98 complaints last year and a total of 46 were upheld. I was staggered to think that the level of dissatisfaction could increase by a factor of, well, […]

Gartmore funds back Cazenove&#39s star stockpicker

Gartmore&#39s new multi-manager range is heavily backing the recently launched Cazenove fund run by Neil Pegrum. Four Gartmore funds of funds – UK high alpha strategy, global high alpha strategy, active strategy and balanced strategy – have taken strong positions in the Cazenove UK dynamic fund based on Pegrum&#39s stockpicking credentials. Behind the selection is […]


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