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Martyn to join IFA Search as MD

Former IFA Promotion managing director Ann-Marie Martyn will soon become managing direc-tor of internet portal IFA Search, the company she tried to merge with IFAP.

Martyn says she is in talks with IFA Search but refuses to comment further. There is not expected to be an announcement for another two weeks.

Martyn&#39s mobile phone message says she is “sunbathing” but she is currently sitting at a “borr- owed” desk at the headquarters of software company Key Group, which is one of the financial backers of IFA Search.

Speculation was first raised in Money Market-ing about Martyn&#39s fut-ure when merger talks between IFAP and IFA Search foundered. The IFAP board&#39s rejection of the link-up prompted Martyn&#39s resignation two weeks ago.


Famous five lose sense of venture

Speculation as to which fund managers will be part of Fidelity&#39s fund supermarket when it launches in June ended last week when the 14 participating names were announced.Although Mercury, Invesco and Schroder are all on board, the final line-up lacks five of the biggest players. M&G, Gartmore, Thread-needle, Jupiter and Perpetual have all opted out.The […]

Frankfurt will likely approve stock exchange merger

Deutsche Borse officials are confident the Board will approve the stock exchange merger in a meeting this afternoon.But the influential German newspaper Boersen Zeitung says that it might be delayed until a number of details are clarified.London based electronic share market Tradepoint and the Swiss stock exchange confirmed today they are engaging in talks in […]

Mortgage lending falls dramatically in April

New mortgage lending by building societies fell by almost half last month to £1.78bn from £3.39bn in March.The figures released by the Building Societies Association fuel speculation that the housing market in the UK may have peaked. The Council of Mortgage Lenders confirms this downturn, reporting that total UK mortgage industry loans dipped to £6.6bn […]

Aifa offers bungle-busting service

Aifa is offering itself as an arbitration service between IFAs and product providers at loggerheads over administration blunders.Its proposed new initiative is aimed at improving the relationship between IFAs and providers and comes in the wake of Money Marketing&#39s Bungle Busters which highlights cases of poor administration.Aifa director-general Paul Smee says the MM feature showed […]


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