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Midlands merger sees Ernest Shaw take over Kendall White Millar

Ernest R Shaw has taken over Wolverhampton-based Kendal White Millar, creating a consolidated business of 11 registered individuals.

Ernest R Shaw, reckoned to be Birmingham&#39s oldest insurance broker, was founded in 1905. Its IFA arm has an annual turnover of around £2m.

The insurance arm of the firm will continue to be managed from Birmingham while the financial management arm will be based in Wolverhampton.

Managing director David Philips says: “The time was right to take the company to the next level. This acquisition achieves this and opens up new opportunities. Our business was growing but by bringing these two businesses together, we create a powerful force in the employee benefits and personal financial planning sector.”


An oversight by the FSA

Six months on, N2 is coming home to roost. In its rush to impose the new regulatory regime last December, the FSA faced the thankless task of telling us how the changes would affect us.Not surprisingly, it failed to get beyond the headlines and it is only now that the ramifications of some aspects of […]

Which? backs pensions over Isas

Pensions remain a better vehicle than Isas to save for retirement according to research appearing in the latest edition of Which? Magazine. It found pensions are a more efficient way to save because of the 40 per cent tax breaks they receive. It shows that £100 a month invested from the age of 40 would […]

Lender suggests route for unqualified brokers

As the mortgage industry gears up for regulation, packager Rapid Money says it is offering a lifeline to unqualified brokers while competitor Olympian Financial is calling on firms to form a lobbying group.The Mortgage Code Compliance Board has told intermediaries they must have the Chartered Insurance Institute&#39s mortgage advice qualification or the Institute of Financial […]

Chase de Vere opens Birmingham office

Chase de Vere Investments is to open an office in Birmingham in early October. The company is currently recruiting for the new venture and plans to have 15 new advisers in place by the end of the financial year and wants 55 advisers by 2005. Favad Malik will be responsible for the advisers in the […]


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