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Lipper acquires Fitzrovia International

Fund information providers Lipper has acquired research specialist firm Fitzrovia International for an undisclosed fee. Lipper, a wholly owned subsidiary of Reuters, bought Fitzrovia for its abilities in providing information on total expense ratio analysis for funds outside the US. The combined business will aim to provide clients with a global fund expense and data service in its software, datafeed and consulting products.


Life companies are split on extending IFA levy subsidy

Product providers are split over increasing their IFA subsidy for the Financial Services Compensation Scheme levy. A first vote on extending the levy subsidy is understood to have been inconclusive as not all members responded. This vote saw four major players support an increase, four vote against and four abstain. A second letter has been […]

First4Brokers acquires Mandeville Ltd

First4Brokers, the independent mortgage compliant network has completed its acquisition of Mandeville Ltd, the electronic business to business service. Mandeville provides insurance products and services to mortgage brokers and IFAs. First4Brokers will now be able to deliver a range of electronically delivered general insurance schemes to its full members and firms that are directly authorised […]

Networks with Part IV authorisation from the FSA

The following networks have received their part IV, full authorisation from the FSA in readiness for mortgage and general insurance regulation: Arden CourtBDS Mortgage GroupBest Advice Mortgage NetworkBlue PearlBurns-Anderson Independent NetworkCartelClassic Network SolutionsCompassComplete Mortgage and Loan ServicesComplete Mortgage & Loan ServicesDestini Network ServicesDirect Life & PensionsEthical Mortgage SolutionsEnable Mortgage & Insurance NetworkFalcon Group IFAFinancial Services […]

Work on longer and die earlier

Figures showing that for each year worked after 55, workers lose two years of their possible lifespan will give the Government an uphill task to convince people to work longer. Data from the Boeing US pension scheme reveals workers who retired at 55 lived on average until 83. The reduction in lifespan for those who […]


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