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Lighthouse shares for advisers

Lighthouse is to offer shares to a vast majority of its advisers, making
cash payments totalling £150,000 and issuing options of over 1.2
million shares at an exercise price of 1p each. This amounts to
around 3.4 per cent of the issued ordinary share capital of
Lighthouse Group. The options have an aggregate value of around
£320,000 and can be exercised to 50 per cent on or after September
30, with the balance available on or after December 31.


Foreign firms are looking to buy UK IFAs

A new website designed to link buyers with IFA practices up for sale is attracting foreign firms looking at moving into the UK market. The brokers4sale site was launched by former financial services recruitment specialist Gary Medcraff in December and is said to have generated 600 hits in its first week of operation. Medcraff says […]

Hooper quits Charcol

Charcol Holden Meehan business development director Graham Hooper has left the group. Hooper was instrumental in initiating Charcol&#39s acquisition of investment IFA Holden Meehan last June, where he had been marketing director for two years after moving from Chase de Vere. He has spent the past six months helping to integrate the businesses and is […]

Standard says financial position stronger than last year

Standard Life says its financial position is “very strong in relative and absolute terms” and says its fund for future appropriations – a key measure of solvency – increased by 40 per cent last year. Standard says its fund for future appropriations increased to £4.5 bn for the year to November 15, 2003, from £3.2bn […]

Turn-round as IFAs back move to rethink status

IFAs have overwhelmingly backed Standard Life&#39s decision to consider demutualisation despite having championed its policyholders&#39 rejection of a carpetbagging attempt three years ago. Seventy-three per cent of respondents in a poll of 117 Positive Solutions RIs say they endorse the move, a massive reversal from early 2000 when 89 per cent of IFAs supported policyholders […]


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