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Merger gets go ahead from Sofa members

Sofa members voted today for the proposed merger with the LIA to go ahead.

LIA members also voted overwhelmingly in support of the merger on Wednesday this week, giving it the green light to go ahead.

The 25,000 existing members of both bodies will be transferred into the Personal Finance Society by January 2005.

Sofa managing director Bob Bullivant says: “We are extremely excited that the Personal Finance Society is going ahead. We are absolutely convinced that it is the best way forward for both of our organisations, in terms of the standards that it will set for our industry and the voice that it will give us to represent advisers.”


A matter of principals

Alliance & Leicester&#39s admission that it will restrict the number of principals it deals with after M-Day has prompted concerns as to whether it and other lenders are ready for October 31 and beyond. A&L says that while it has a serious commitment to both lenders and brokers, its top priority is to be compliant. […]

Life office in Fundsdirect deal

A life office is understood to be in the closing stages of a deal with Fundsdirect. Prudential is rumoured to be a leading partner alongside Egg and Fundsdirect. The deal would allow sharing of investment costs, risk and offer marketing support.

Making contact

The Training & DevelopmentProgrammeThe new recruit needs to be introduced into the business and start the programme of learning and development. This will be partly through formal training and education, for example, for the FPC examination. It will also be through business-based learning as a result of undertaking administration and paraplanning work. This work also […]

Premier may cut panel over KFIs

Premier Mortgage Management managing director Mark Mountney is set to drastically reduce its panel of lenders due to worries over their key features illustrations. Premier has been assessing its panel of two dozen lenders and their capability to produce compliant KFIs. Mountney says so far only Birmingham Midshires is ready. He says any lender not […]


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