View more on these topics

Moneyextra recruiting 80 IFAs for face-to-face advice firm

Personal finance website Moneyextra is launching a face-to-face advice service this summer as part of a £30m development programme over the next two years.

The subsidiary of Bristol & West, bought from The Exchange in December, has just gained PIA approval for the venture and is planning to recruit 80 IFAs by the end of the year.

It expects to do 60 to 70 per cent of IFA business face to face and the remainder by phone and the internet.

The company&#39s website currently offers online information and a comparison service for financial products but does not give advice.

The first stage of the venture will be a call centre in Bristol in April offering the public advice by phone on mortgage and investment products. The next stage will see regional centres providing face-to-face advice on a full range of products. The first in London will open this summer, with a team of about 12 IFAs.

Moneyextra says it will remain separate from B&W&#39s other IFA arm, Chase de Vere Investments.

Moneyextra managing director Martin Palmer says: “We are creating a 21st Century IFA offering impartial advice on a broad range of products. As people want to see the whites of someone&#39s eyes, we will only offer limited advice over the internet.”

Lighthouse IFA co-founder and sales and marketing director Nick Hamson says: “This is a positive move for IFAs as it is a recommendation of face-to-face advice.”


moore&#39s code

So, the man from the Pru is swapping his shiny suit for a pair of corduroy trousers and a casual shirt, which he will wear to nip down the DSS to pick up his giro. He will be joined by the man from Sun Life Financial of Canada, who found out just days afterwards that […]

David Ainslie

Should IFAs advise on school and university fees planning? This may seem an odd question to put to an IFA as there is such an obvious answer. However, to address the issues, I have put on one of my other hats as a father of children aged four and two. With the eldest already at […]


Since the introduction of the Financial Services Act, the professionalism of IFAs has improved markedly. It is to their credit that IFAs have met and in many cases exceeded the regulatory requirements for academic achievement and CPD. However, these demands continue to escalate and change shape using up valuable time that should be spent with […]

ScotWids launches year-end tax pack

Scottish Widows is launching a tax planning pack aimed at helping IFAs manage end of tax year issues.The pack focuses on the proposed changes to personal pension rules which will see the restriction of carry back income tax relief and the abolition of carry forward relief.The pack includes a tax planner CD-Rom which includes a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment