View more on these topics

Millward and Strauss seeking 30 RIs for &#39quality&#39 national IFA

More than 30 RIs are being sought by Ian Millward and Toby Strauss for an ambitious national IFA business they aim to launch by the end of autumn.

Millward, who left RJ Temple three months ago, says he hopes to have recruited most of the advisers by Christmas, when the as yet unnamed company has been established.

Unusually, the business, which will target high-net-worth clients, will feature its own range of Sipps, Ssass, Isas, Peps and offshore bond wrappers.

Millward says he and former Charcol managing director Strauss, who will be chief executive of the new business, are negotiating terms directly with fund groups, with the aim of using trackers more readily than most IFAs. He believes trackers offer better value for money to clients.

The firm, which will offer the choice of fees or commission-based advice, is believed to an arm of private-client specialist John Scott & Partners.

Millward says, with the quality of advisers it will have recruited by launch, the new business will be among the better-quality players in the market. He says: “Most of the big firms give appalling advice and virtually no service. Many of their clients have been done a disservice and we feel there is a need for a company that does the job right.”


Axa &#39in talks to buy Swiss Life&#39s individual book&#39

Axa is believed to be in talks to acquire Swiss Life&#39s individual protection book with a view to reopening it and selling new products to an established market. As revealed in Money Marketing three weeks ago, Axa is developing products to enter the protection market although it refuses to give details. A senior industry source […]

Clerical Medical buys in bulk

Clerical Medical has brought out a S32 bulk buy-out plan to take advantage of opportunities within the pension transfer market as a result of the trend for the winding up of final salary schemes. Clerical Medical says final salary scheme wind-ups are being driven by factors such as restructuring within companies, mergers and takeovers, management […]

Independent view

I was letting my fingers do the walking through Yellow Pages the other day when I noticed that after hi-fi manufacturers and wholesalers was the intriguing category of high commission. Then I saw that underneath it said: “See embassies and consulates.” Proving, once again, that things are not always what they seem. I recently read […]

NU structures income bond

NORWICH UNION MONTHLY FIXED INCOME PLAN Type: Guaranteed equity bond Aim: Income linked to the FTSE 100 index Minimum-maximum investment: £3,000-no maximum, Isa £3,000-£7,000 Term: Five years Guarantee: Original capital returned in full provided the FTSE 100 does not fall by more than 30% and returns to at least its starting level Return: 0.47% income […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm